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1 March 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Resonate with your Investment Goals at the Leading Conference in China
AirAsia Plans India Joint Venture
Launch of First Bridge Linking Laos and Myanmar
New Caledonia to be Boosted by Tourism Developments
New World Hotels Undergoes Major Revamp
Mövenpick Opens First Hotel in China and Eighth Property in Thailand
Absolute Share Price Performance, as at 1 March 2013
Resonate with your Investment Goals at the Leading Conference in China Return to Headlines

It is all about investment. Invest your time and benefit greatly from this highly dynamic conference with a track record of bringing together the movers and shakers of the industry. Join us from 17-19 April at the Grand Hyatt Shanghai to network with key senior CEOs and leaders of the hotel and tourism industry from over 20 countries.

Organised by HVS, the world's leading hospitality consultancy organisation, IHT promises a great conference to discover the insights and development and investment opportunities in the world's largest archipelago.

Resonating with vision and success in a changing world, make important connections by attending the first ever One-on-One Partnering with potential business partners that unveil opportunities to fit your investment goals. Attend the full spectrum of our premier events, including hearing from key opinion leaders and leading executives and have the chance to attend site tours including that of a visionary new integrated complex designed by the critically-acclaimed architect Cesar Pelli located in the heart of Lujiazui. Join us to discover and convert opportunities into your most critical investment decisions in 2013.

Be there. Be seen. Be where the action is. Be on a journey to experience exponential growth and success.

Click here to register for the most influential hotel investment conference in China! For details, please visit www.chinahotelconference.com or call +86 21 5171 7003 for assistance.

AirAsia Plans India Joint Venture Return to Headlines

AirAsia and Indian conglomerate, Tata Group, have proposed to set up a domestic low-cost carrier along with Arun Bhatia of Telestra Tradeplace. If the joint venture is approved, AirAsia will base its new airline in the southern city of Chennai, from where it will offer domestic connections to second and third tier cities. AirAsia currently operates flights into India from either Bangkok or Kuala Lumpur, to Chennai, Bengaluru, Tiruchirappalli, Kochi and Kolkata. An application has already been made by AirAsia's investment arm, AirAsia Investment before the Foreign Investment Promotion Board (FIPB) to seek approval for acquiring 49% equity in the company. Tata Sons and Arun Bhatia will hold the remaining 51%.

Launch of First Bridge Linking Laos and Myanmar Return to Headlines

The governments of Laos and Myanmar will be spending US$18 million to build a bridge that will link the two countries across the Mekong River. The Myanmar province of Thachileik and the Luang Namtha province in Laos will soon be linked by the Laos-Myanmar Friendship Bridge. The bridge is part of the Asia Development Bank's plan to build up infrastructure within the Greater Mekong Sub-region and is aimed at boosting trade and investment and enhancing cooperation between the two countries. Upon its expected completion in 2015, the bridge will feature two vehicle lanes and two sidewalks. The construction of this bridge follows the development of other friendship bridges between Laos and Thailand, and the new Laos-Myanmar bridge will further help to integrate the three countries along the Mekong River.

New Caledonia to be Boosted by Tourism Developments Return to Headlines
New Caledonia is expecting to see a boost in its tourism levels as several major tourism developments are being completed. The Pacific island has received several new facilities and infrastructure, such as the launch of the first Sheraton in the territory, the 180-room Sheraton Deva Golf Resort & Spa in December 2013 and Hilton's debut in July 2013 with the 154-room Résidence La Promenade. New Caledonia's aviation sector has also received a boost with the main airport, La Tontouta International Airport having undergone major renovations while the national carrier, Aircalin has recently revamped its Airbus A330 cabins. Additionally, to draw more international visitors to New Caledonia, the island's largest inbound operator Arc En Ciel Voyages has opened its share capital to Tahiti Nui Voyages from French Polynesia.
New World Hotels Undergoes Major Revamp Return to Headlines
New World Hospitality has recently completed a US$72 million major revamp of its hotels in Dalian, Manila and Shanghai. Under the renovation programme, guest rooms have been redesigned while new facilities have been created with Asian-influenced themes. A new meeting space lounge has been added to the New World Dalian Hotel, while its executive lounge has been redesigned. The New World Makati Hotel in Manila has undergone extensive renewal such as a new lobby and lounge and the additions of new executive club floors and function spaces. The New World Shanghai Hotel's lobby, café and club floor rooms have also undergone an overhaul as part of the revamp. The property's executive club lounge is still undergoing renovation which is expected to be completed by March 2013.
Mövenpick Opens First Hotel in China and Eighth Property in Thailand Return to Headlines
Mövenpick Hotels & Resorts has hit a milestone in its Asian development as the company is set to open a new beach resort in Hua Hin, Thailand, and a 250-room hotel in Enshi City, China. The Mövenpick Hotel Enshi will mark Mövenpick's debut in China and is set to open in mid-2013. The hotel will be located in the business district of Enshi City, Hubei Province in Central China and will be the first five-star hotel in the city. The Mövenpick Hotel Enshi marks the beginning of the company's pipeline in China, which will have three more properties open by 2015: a 380-room resort on Phoenix Island, Sanya, a 350-room hotel in Chifeng City, Inner Mongolia and a 300-room hotel in Jiading, Shanghai. Within the next three years, Mövenpick will also open its eighth property in Thailand, the 190-room Mövenpick Resort & Spa, Hua Hin. The company's global strategy is to open 100 hotels across Africa, Europe, the Middle East and Asia by 2015.
Absolute Share Price Performance, as at 1 March 2013
Closing Share Price as at 1 March 2013 22 February 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.10 7.96 2%
General Property Group 3.89 3.87 1%
Mirvac Group 1.61 1.59 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 36.75 34.75 6%
Dusit Thani Public Co Ltd 60.50 56.50 7%
The Erawan Group Public Co Ltd 6.10 6.15 -1%
Grande Asset Hotels and Property Public Co Ltd 1.57 1.64 -4%
Laguna Resorts & Hotel Public Co Ltd 39.00 38.75 1%
Minor International Public Co Ltd 25.25 25.25 -
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 13.92 13.93 -
Beijing Capital Tourism Co Ltd 13.66 13.83 -1%
Jinling Hotel Corporation Ltd 7.14 7.14 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.40 4.24 4%
Guangzhou Dong Fang Hotel Co Ltd 6.72 6.78 -1%
Shenzhen Century Plaza Hotel Co Ltd 4.44 4.49 -1%
China Lodging Group, Limited 18.76 17.97 4%
Home Inns & Hotels Management Inc 29.49 28.72 3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 11.44 11.38 1%
Regal Hotels International Holdings Ltd 3.82 3.78 1%
Sino Hotels Holdings Ltd 2.66 2.67 -
The Hong Kong & Shanghai Hotels Ltd 13.50 13.08 3%
Shangri-La Asia Limited 17.98 17.94 -
Dorsett Hospitality International 2.30 2.40 -4%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 56.25 58.75 -4%
EIH (Oberoi Hotels & Resorts) 62.55 66.30 -6%
Hotel Leela Ventures 23.35 24.80 -6%
Korea Exchange (KRW)
The Shilla 47,650 47,050 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.50 0.50 -
Ascendas Hospitality Trust 0.91 0.91 -
Ascott Residence Trust 1.35 1.35 -
Banyan Tree Holdings Limited 0.68 0.66 3%
CDL Hospitality Trusts 2.05 2.00 2%
Far East Hospitality Trust 1.10 1.08 2%
Hotel Grand Central Ltd 0.94 0.96 -2%
Hotel Properties Ltd 3.12 3.15 -1%
Mandarin Oriental International Ltd (US$) 1.60 1.60 -
Pan Pacific Hotels Group Limited 2.41 2.44 -1%
Shangri-La Asia Limited (HK$) 18.04 18.52 -3%
Stamford Land Corporation Ltd 0.57 0.56 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 369 364 1%
The Ambassador Hotel, Ltd 30.15 30.40 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 31,600 28,870 9%
Imperial Hotel, Ltd 2,960 2,929 1%
Return to Headlines
HVS Beijing
Michelle Hui
HVS Hong Kong
Mark Keith & Daniel Voellm
HVS Mumbai
Natwar Nagar
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Adeline Phua
HVS Singapore
David Ling
Disclaimer: Information provided above has been gathered from various market sources. HVS has not independently verified the accuracy of the information provided. Interested parties should not rely on the information as statement of facts and are advised to make their own independent checks to verify the information provided. For further information, please feel free to contact HVS Singapore.

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