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Featured in this Asia Pacific Hospitality Newsletter |
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The inaugural Indonesia Hospitality & Tourism Investment Conference (IHT) organised by HVS has "established itself as the most influential and largest hotel investment conference in Indonesia."
Co-hosted by the Ministry of Tourism & Creative Economy and the Indonesia Investment Coordinating Board (BKPM), and themed "Invest in the World's Largest Archipelago: Indonesia," the Conference was held May 7 and 8, 2013 at the Ritz-Carlton Pacific Place, Jakarta and brought together more than 370 delegates, high-profile speakers and leaders of the hotel and tourism industry from over 14 countries.
Her Excellency Dr. Mari Elka Pangestu, Minister for Tourism and Creative Economy of the Republic of Indonesia, delivered the keynote address on the Ministry's national master plan which included initiatives for promoting tourism throughout the country.
The IHT Organising Committee expresses its gratitude to all partners, sponsors, delegates and participants for their tremendous support, and wishes everyone a successful year ahead. The Committee looks forward to welcoming all industry leaders at the next IHT in 2014.
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Starwood Hotels & Resorts has opened its latest Le Méridien property in Asia Pacific with the Le Méridien Bali Jimbaran. Overlooking the Indian Ocean, the upscale property features 118 rooms and suites, with ground floor units opening directly onto a 1,300 square metre saltwater lagoon-style swimming pool. Le Méridien Bali Jimbaran also features four F&B outlets and 600 square metres of multi-purpose space. Starwood has another nine Le Méridien properties in the pipeline over the next 12 months, in locations such as China, India, Vietnam and Bangladesh.
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Singapore's air connections to Indonesia will be receiving a boost as Singapore Airlines (SIA), Silkair and Tiger Airways are ramping up their flights to the world's largest archipelago. SIA will be launching a new route to Surabaya in addition to increasing the frequencies of its Bali and Jakarta flights. Silkair will also be boosting its accessibility to Indonesia by adding two more cities to its network. The airline will launch flights to Semarang and Makassar from July and August, respectively, increasing its network to 11 destinations. Tiger Airways has also announced the launch of its services to Jogjakarta and Bandung, which will commence from July and August, respectively. This will bring the low-cost carrier's total Indonesian network to seven destinations. |
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Budget brand Tune Hotels has opened its first property in India with the 100-room Tune Hotel Ahmedabad. Connected to the new 4D Square Mall in Motera, the new property marks the introduction of family rooms to the brand's inventory, to cater to the wedding market in India. Tune Hotel Ahmedabad features family rooms which can accommodate four to six people, in addition to the standard single and double rooms. Tune Hotels has partnered with Apodis Hospitality to develop and manage at least 20 properties across India, in major destinations, Tier II and Tier III cities. |
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Costa Cruises has increased its presence in Asia with the 2,680-capacity Costa Atlantica. This brings Costa's total offering to 125 cruises in the region and a capacity of over 220,000 guests. This is in line with its parent company, Carnival Corporation's aim of achieving a 50 per cent share of the Asian cruise market in 2017. Additionally, Carnival intends to focus on Southeast Asia and to establish the region as the Caribbean of the East, making Singapore as its hub. The Asian cruise market is projected to grow from the current 1.5 million passengers to 3.7 million passengers by 2017. |
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Rosewood Hotels & Resorts will open four properties across three countries in Asia by 2017. The company will open its first property in China with the 279-room Rosewood Beijing, which is set to open in autumn 2013. The Rosewood Phuket will open in end 2014 and will be the Rosewood's first resort in Asia. Situated in Emerald Bay, the property will feature 87 villas, 20 residences and five hideaway homes. The company will also partner with Jakarta-based Ciputra Group to manage Rosewood Tanah Lot Bali and Rosewood Jakarta. Rosewood Tanah Lot Bali will have 80 suites, 40 villas and 20 residences and will be located on 12 hectares near to the Tanah Lot temple. The Rosewood Jakarta will be part of the Ciputra World Jakarta, a mixed-use development and will offer 200 rooms and 160 residences. Both properties in Indonesia will open by 2017. |
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Absolute Share Price Performance, as at 10 May 2013
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Closing Share Price as at |
10 May 2013
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3 May 2013
|
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
8.67
|
8.58
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1%
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General Property Group |
4.14
|
4.05
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2%
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Mirvac Group |
1.75
|
1.72
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2%
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Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
39.25
|
37.75
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4%
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Dusit Thani Public Co Ltd |
60.00
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56.00
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7%
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The Erawan Group Public Co Ltd |
5.00
|
5.50
|
-9%
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Grande Asset Hotels and Property Public Co Ltd |
1.57
|
1.53
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3%
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Laguna Resorts & Hotel Public Co Ltd |
45.25
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42.75
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6%
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Minor International Public Co Ltd |
24.20
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24.60
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-2%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
12.60
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12.30
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2%
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Beijing Capital Tourism Co Ltd |
13.79
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12.61
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9%
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Jinling Hotel Corporation Ltd |
6.86
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6.80
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1%
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
4.29
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4.22
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2%
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Guangzhou Dong Fang Hotel Co Ltd |
6.19
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6.05
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2%
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Shenzhen Century Plaza Hotel Co Ltd |
4.00
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4.00
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-
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NASDAQ (US$) |
China Lodging Group, Limited
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15.72
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15.04
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5%
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Home Inns & Hotels Management Inc |
26.52
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24.77
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7%
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
3.65
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3.62
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1%
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Regal Hotels International Holdings Ltd |
11.00
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10.90
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1%
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Sino Hotels Holdings Ltd |
2.71
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2.67
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1%
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The Hong Kong & Shanghai Hotels Ltd |
13.26
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12.80
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4%
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Shangri-La Asia Limited |
14.56
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14.52
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-
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Dorsett Hospitality International
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2.05
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2.09
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-2%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
58.35
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56.80
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3%
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EIH (Oberoi Hotels & Resorts) |
62.45
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60.00
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4%
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Hotel Leela Ventures |
21.15
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20.80
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2%
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Korea Exchange (KRW) |
The Shilla |
58,000
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55,900
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4%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.61
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0.57
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7%
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Ascendas Hospitality Trust
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0.99
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1.02
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-3%
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Ascott Residence Trust |
1.41
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1.40
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1%
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Banyan Tree Holdings Limited |
0.62
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0.62
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-
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CDL Hospitality Trusts
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1.94
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1.99
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-3%
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Far East Hospitality Trust
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1.12
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1.11
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1%
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Hotel Grand Central Ltd |
1.08
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1.13
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-4%
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Hotel Properties Ltd |
3.60
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3.52
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2%
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Mandarin Oriental International Ltd (US$) |
1.80
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1.70
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6%
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Pan Pacific Hotels Group Limited |
2.34
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2.31
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1%
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Shangri-La Asia Limited (HK$)
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14.80
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14.60
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1%
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Stamford Land Corporation Ltd |
0.63
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0.59
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7%
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
342
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331
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3%
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The Ambassador Hotel, Ltd |
29.45
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28.85
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2%
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Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp.
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37,100
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41,100
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-10%
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Imperial Hotel, Ltd |
3,790
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3,770
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1%
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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. |