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8 March 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Indonesia Hospitality & Tourism Investment Conference Early Bird Registration Extended to 22 March 2013
Millennium & Copthorne Makes Taiwan Debut
Carlson Rezidor and Panorama Group Announce Indonesian Joint Venture
Hilton Enters Myanmar and Launches Conrad in Philippines
Singapore Airlines and Virgin America Launch Partnership
Accor Launches Indonesia-centric Brand
Absolute Share Price Performance, as at 8 March 2013
Indonesia Hospitality & Tourism Investment Conference Early Bird Registration Extended to 22 March 2013 Return to Headlines

Is Indonesia, the world's largest archipelago a market opportunity for you? If so, don't miss out on the opportunity to be part of the inaugural Indonesia Hospitality & Tourism Investment Conference!

Join us as we listen to key insights from speakers including Michael Issenberg - Chairman & Chief Operating Officer of Accor Asia Pacific; Simon Barlow - President, Asia Pacific of Carlson Rezidor Hotel Group; Simon Cooper - President & Managing Director, Asia Pacific of Marriott International; Marc Hediger - Chief Executive Officer of Lanson Place; PG Mathew - Managing Director of Oakwood Asia Pacific; Peter Meyer - Managing Director of Pacifica Partners; Jeffrey Perlman - Principal of Warburg Pincus LLC; Gaurav Bhushan - Chief Development & Investment Officer of Accor Asia Pacific and Marco Nijhof - Chief Executive Officer of yoo Hotels and more.

The early bird promotion has been extended to 22 March 2013. Click here to register for early bird savings!

Millennium & Copthorne Makes Taiwan Debut Return to Headlines

Millennium & Copthorne Hotels (M&C) has made its debut in Taiwan, with the Millennium Vee Hotel Taichung. Located in Taichung, Taiwan's third largest city, this marks the group's first M&C-branded property in the country. The Millenium Vee Hotel Taichung will be the first hotel in Taiwan to offer 4G Wi-Fi services in all 237 rooms and will be the first hotel in Taichung with a rooftop sky bar. This property is the first M&C-branded hotel in Taiwan, however the company already has a footing in the country as the owner of the Grand Hyatt Taipei.

Carlson Rezidor and Panorama Group Announce Indonesian Joint Venture Return to Headlines

Carlson Rezidor Hotel Group has announced the signing of a joint venture agreement with Indonesia-based Panorama Group. Under the agreement, 20 Radisson and Park Inn by Radisson hotels will be developed in Indonesia over the next seven years. The joint venture will see the formation of PT. Carlson Panorama Hospitality, which will be based in Indonesia. The 20 hotels in the pipeline will be located in locations such as Jakarta, Bali, Surabaya and Yogyakarta, and in emerging cities such as Manado, Makassar, Palembang and Medan.

Hilton Enters Myanmar and Launches Conrad in Philippines Return to Headlines
Moving forward with in its expansion in Southeast Asia, Hilton Worldwide will be entering Myanmar with its Hilton Hotels & Resorts brand. An agreement has been signed between Hilton Worldwide and LP Holding Co. Ltd to manage the Hilton Yangon in Kyauktada Township, Yangon which will open in 2014 with 300 rooms. Additionally, Hilton Worldwide will debut its Conrad brand in the Philippines with an agreement with SM Hotels & Conventions Corporation. The 350-room Conrad Manila will be developed at the SM Bay City development in Manila Bay and is expected to open in mid 2015.
Singapore Airlines and Virgin America Launch Partnership Return to Headlines
Singapore Airlines and Virgin America have expanded their existing codeshare agreement and launched a new frequent flyer partnership. Under this partnership, members of both airlines' loyalty programmes will be able to earn and redeem miles for travel on either airline. Singapore Airlines customers will be able to fly to more destinations in the United States, including Chicago, Fort Lauderdale, Las Vegas, Palm Springs, Philadelphia, Portland, San Diego, Seattle and Washington D.C.
Accor Launches Indonesia-centric Brand Return to Headlines
Accor Asia Pacific has launched its Indonesia-centric brand, the Grand Mercure Maha Cipta, an upscale brand tailor-made for Indonesia. The brand will debut with the 483-room Grand Mecure Jakarta Harmoni which is anticipated to open later this year. Similar to its China-centric Grand Mercure Mei Jue, Maha Cipta has been designed to appeal to the large Indonesian domestic market. Maha Cipta's touch points will include greeting guests in Bahasa, local-fruit flavoured French pastries, traditional music and dance performances and many others including batik painting workshops. This launch comes after the success of Mei Jue in China, which will double its hotel inventory to 26 in the next three years.
Absolute Share Price Performance, as at 8 March 2013
Closing Share Price as at 8 March 2013 1 March 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.11 8.10 -
General Property Group 3.94 3.89 1%
Mirvac Group 1.60 1.61 -1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 38.00 36.75 3%
Dusit Thani Public Co Ltd 61.50 60.50 2%
The Erawan Group Public Co Ltd 6.25 6.10 2%
Grande Asset Hotels and Property Public Co Ltd 1.56 1.57 -1%
Laguna Resorts & Hotel Public Co Ltd 38.00 39.00 -3%
Minor International Public Co Ltd 26.00 25.25 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 13.85 13.92 -1%
Beijing Capital Tourism Co Ltd 15.00 13.66 10%
Jinling Hotel Corporation Ltd 7.17 7.14 -
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.59 4.40 4%
Guangzhou Dong Fang Hotel Co Ltd 6.83 6.72 2%
Shenzhen Century Plaza Hotel Co Ltd 4.38 4.44 -1%
China Lodging Group, Limited 17.24 18.76 -8%
Home Inns & Hotels Management Inc 30.39 29.49 3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 11.50 11.44 1%
Regal Hotels International Holdings Ltd 3.81 3.82 -
Sino Hotels Holdings Ltd 2.51 2.66 -6%
The Hong Kong & Shanghai Hotels Ltd 13.68 13.50 1%
Shangri-La Asia Limited 17.94 17.98 -
Dorsett Hospitality International 2.35 2.30 2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 57.50 56.25 2%
EIH (Oberoi Hotels & Resorts) 63.95 62.55 2%
Hotel Leela Ventures 24.00 23.35 3%
Korea Exchange (KRW)
The Shilla 52,300 47,650 10%
Singapore Stock Exchange (S$)
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 0.64 0.68 -6%
CDL Hospitality Trusts 2.04 2.05 -
Far East Hospitality Trust 1.15 1.10 5%
Hotel Grand Central Ltd 0.97 0.94 3%
Hotel Properties Ltd 3.10 3.12 -1%
Mandarin Oriental International Ltd (US$) 1.66 1.60 4%
Pan Pacific Hotels Group Limited 2.35 2.41 -2%
Shangri-La Asia Limited (HK$) 17.52 18.04 -3%
Stamford Land Corporation Ltd 0.56 0.57 -2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 363 369 -2%
The Ambassador Hotel, Ltd 30.35 30.15 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 31,900 31,600 1%
Imperial Hotel, Ltd 3,080 2,960 4%
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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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