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Featured in this Asia Pacific Hospitality Newsletter |
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Investments is all about timing and opportunities - According to 2012 statistics by the World Travel and Tourism Council (WTTC), travel and tourism industry outperformed the global economy and China (seven per cent) was crowned the top 20 largest global economies in terms of performance. China is expected to become the World's most visited country by 2020 based on current United Nations World Tourism Organization's forecasts. Join us in gaining timely market insights NOW!
- China in 2020
Dai Bin, President, China Tourism Academy
- China Tourism Policy in 2013
Liu Xiaojun, Director of Policies and Regulations Department, China National Tourism Administration
- Global and Domestic Economic Review - Crucial for your Business Decisions
Robin Bew, Chief Economist, Economist Intelligence Unit
- Vision and Strategy for Success in a Changing World
Mark Hoplamazian, President & CEO, Hyatt Hotels & Resorts
Click here to register NOW! For detailed conference programme, download brochure here or call +86 (021) 5171 7003 for assistance.
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As Myanmar's tourism development increases as a rapid pace, international hotel chains are jumping on the bandwagon to open properties in the country. Accor, which previously announced that it will be opening the Novotel Yangon Max later this year, will also be developing two more hotels: a 168-room MGallery Hotel in Nay Pyi Taw and a 280-room Novotel Mandalay Mingalar. Best Western has also confirmed that it has been in discussion with potential investors regarding franchising and ownership options. Markets identified by Best Western for potential development include Yangon, Mandalay and Naypyidaw, along with up-and-coming cities such as Sittwe and Bago and tourist centers including Bagan and Lake Inle.
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Sri Lanka's second international airport has opened in the district of Hambantota. The Mattala Rajapaksa International Airport was built with a Chinese loan at a cost of US$209 million. The airport has an initial capacity of 1 million passengers per annum and can handle 30,000 aircraft movements, 45,000 metric tons of cargo annually and is able to accommodate the Airbus A380. The airport is intended to help spur a new economic hub and act as a gateway to the island's south east coast. Apart from the Sri Lankan based Sri Lankan Airlines and Mihin Lanka, international airlines such as Fly Dubai and Air Arabia will also be flying to the Hambantota airport. |
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Malaysia Airlines (MAS) has announced plans to boost its Asian network, with the addition of extra flights and deployment of larger aircraft within the region. MAS intends to increase the frequency of flights to several Asia Pacific cities, including Manila, Yangon, Colombo, Dhaka and Brisbane, starting from the end of March 2013. MAS will also increase its flight capacity to the Indonesian and Bruneian cities, Bali and Bandar Seri Begawan, respectively. The airline will also be increasing the frequency of its domestic flights from Kuala Lumpur to Langkawi, Johor Bahru, Kuching and Kota Kinabalu. |
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Regent Hotels & Resorts will make its debut in Bali later this year, with the launch of an all-suite resort in Sanur. The Regent Bali will be a beachfront resort with 95 suites and 25 private residences and is set to the flagship property for the brand. The property will feature a beach club concept, a restaurant and pool terrace, infinity swimming pool, fitness centre and a spa centre. This marks the company's second Asian resort, following the recent opening of the Regent Phuket Cape Panwa.
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Sri Lanka based hotel chain Jetwing Hotels is planning on expanding its room inventory by doubling its portfolio in the next two years, from 540 to 940 rooms. The company's new subsidiary, Jetwing Symphony, will be setting up four new hotels: Jetwing Yala, Jetwing Colombo, Jetwing Dambulla and Jetwing Reef Uppuveli. Jetwing Hotels will also be launching its first budget hotel, Hotel J, in April in the city of Negombo. The company, which currently manages 13 properties in Sri Lanka, will also be managing a hotel in India which is anticipated to open at the end of the year. |
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Absolute Share Price Performance, as at 15 March 2013
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Closing Share Price as at |
15 March 2013
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8 March 2013
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% Change |
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Australia Stock Exchange (ASX) |
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Amalgamated Holdings Limited |
7.95
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8.11
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-2%
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General Property Group |
3.79
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3.94
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-4%
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Mirvac Group |
1.70
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1.60
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6%
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Bangkok Stock Exchange (THB) |
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Central Plaza Hotel Public Co Ltd |
41.00
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38.00
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8%
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Dusit Thani Public Co Ltd |
59.00
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61.50
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-4%
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The Erawan Group Public Co Ltd |
5.90
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6.25
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-6%
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Grande Asset Hotels and Property Public Co Ltd |
1.80
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1.56
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15%
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Laguna Resorts & Hotel Public Co Ltd |
38.00
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38.00
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-
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Minor International Public Co Ltd |
25.75
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26.00
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-1%
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China Shanghai Stock Exchange (RMB) |
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Shanghai Jinjiang International Hotels Development |
13.29
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13.85
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-4%
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Beijing Capital Tourism Co Ltd |
15.54
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15.00
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4%
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Jinling Hotel Corporation Ltd |
7.08
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7.17
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-1%
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China Shenzhen Stock Exchange (RMB) |
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Hunan Huatian Great Hotel Co Ltd |
4.53
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4.59
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-1%
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Guangzhou Dong Fang Hotel Co Ltd |
6.47
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6.83
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-5%
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Shenzhen Century Plaza Hotel Co Ltd |
4.18
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4.38
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-5%
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NASDAQ (US$) |
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China Lodging Group, Limited
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15.89
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17.24
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-8%
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Home Inns & Hotels Management Inc |
29.62
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30.39
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-3%
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Hong Kong Stock Exchange (HK$) |
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Miramar Hotel & Investment Co Ltd |
11.40
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11.50
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-1%
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Regal Hotels International Holdings Ltd |
3.72
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3.81
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-2%
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Sino Hotels Holdings Ltd |
2.56
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2.51
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2%
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The Hong Kong & Shanghai Hotels Ltd |
13.32
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13.68
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-3%
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Shangri-La Asia Limited |
17.74
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17.94
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-1%
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Dorsett Hospitality International
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2.26
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2.35
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-4%
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Bombay Stock Exchange (INR) |
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IHCL (Taj Hotels, Resorts & Palaces) |
55.65
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57.50
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-3%
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EIH (Oberoi Hotels & Resorts) |
61.60
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63.95
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-4%
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Hotel Leela Ventures |
21.35
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24.00
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-11%
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Korea Exchange (KRW) |
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The Shilla |
53,400
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52,300
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2%
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Singapore Stock Exchange (S$) |
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Amara Holdings Ltd |
0.51
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0.50
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2%
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Ascendas Hospitality Trust
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0.91
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0.91
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-
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Ascott Residence Trust |
1.35
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1.35
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-
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Banyan Tree Holdings Limited |
0.63
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0.64
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-2%
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CDL Hospitality Trusts
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2.11
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2.04
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3%
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Far East Hospitality Trust
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1.22
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1.15
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6%
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Hotel Grand Central Ltd |
0.99
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0.97
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2%
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Hotel Properties Ltd |
3.07
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3.10
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-1%
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Mandarin Oriental International Ltd (US$) |
1.71
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1.66
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3%
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Pan Pacific Hotels Group Limited |
2.48
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2.35
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6%
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Shangri-La Asia Limited (HK$)
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17.52
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17.52
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-
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Stamford Land Corporation Ltd |
0.57
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0.56
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2%
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Taiwan Stock Exchange (NT$) |
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Formosa International Hotels Corporation |
356
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363
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-2%
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The Ambassador Hotel, Ltd |
29.80
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30.35
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-2%
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Tokyo Stock Exchange (JPY) |
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Japan Hotel REIT Investment Corp.
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34,400
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31,900
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8%
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Imperial Hotel, Ltd |
3,770
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3,080
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22%
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Return to Headlines |
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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. |
