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10 May 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Inaugural Indonesia Hospitality & Tourism Investment Conference Proves a Success
Le Méridien opens in Bali
Increase in Singapore Connections to Indonesia
Tune Hotels Debuts Indian Property
Costa Doubles Asian Capacity with Costa Atlantica
Rosewood to Open Four Properties by 2017
Absolute Share Price Performance, as at 10 May 2013
Inaugural Indonesia Hospitality & Tourism Investment Conference Proves a Success Return to Headlines
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.

Le Méridien opens in Bali Return to Headlines

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.

Increase in Singapore Connections to Indonesia Return to Headlines

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.

Tune Hotels Debuts Indian Property Return to Headlines
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.
Costa Doubles Asian Capacity with Costa Atlantica Return to Headlines
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.
Rosewood to Open Four Properties by 2017 Return to Headlines
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.
Absolute Share Price Performance, as at 10 May 2013
Closing Share Price as at 10 May 2013 3 May 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.67 8.58 1%
General Property Group 4.14 4.05 2%
Mirvac Group 1.75 1.72 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 39.25 37.75 4%
Dusit Thani Public Co Ltd 60.00 56.00 7%
The Erawan Group Public Co Ltd 5.00 5.50 -9%
Grande Asset Hotels and Property Public Co Ltd 1.57 1.53 3%
Laguna Resorts & Hotel Public Co Ltd 45.25 42.75 6%
Minor International Public Co Ltd 24.20 24.60 -2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 12.60 12.30 2%
Beijing Capital Tourism Co Ltd 13.79 12.61 9%
Jinling Hotel Corporation Ltd 6.86 6.80 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.29 4.22 2%
Guangzhou Dong Fang Hotel Co Ltd 6.19 6.05 2%
Shenzhen Century Plaza Hotel Co Ltd 4.00 4.00 -
China Lodging Group, Limited 15.72 15.04 5%
Home Inns & Hotels Management Inc 26.52 24.77 7%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 3.65 3.62 1%
Regal Hotels International Holdings Ltd 11.00 10.90 1%
Sino Hotels Holdings Ltd 2.71 2.67 1%
The Hong Kong & Shanghai Hotels Ltd 13.26 12.80 4%
Shangri-La Asia Limited 14.56 14.52 -
Dorsett Hospitality International 2.05 2.09 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 58.35 56.80 3%
EIH (Oberoi Hotels & Resorts) 62.45 60.00 4%
Hotel Leela Ventures 21.15 20.80 2%
Korea Exchange (KRW)
The Shilla 58,000 55,900 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.61 0.57 7%
Ascendas Hospitality Trust 0.99 1.02 -3%
Ascott Residence Trust 1.41 1.40 1%
Banyan Tree Holdings Limited 0.62 0.62 -
CDL Hospitality Trusts 1.94 1.99 -3%
Far East Hospitality Trust 1.12 1.11 1%
Hotel Grand Central Ltd 1.08 1.13 -4%
Hotel Properties Ltd 3.60 3.52 2%
Mandarin Oriental International Ltd (US$) 1.80 1.70 6%
Pan Pacific Hotels Group Limited 2.34 2.31 1%
Shangri-La Asia Limited (HK$) 14.80 14.60 1%
Stamford Land Corporation Ltd 0.63 0.59 7%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 342 331 3%
The Ambassador Hotel, Ltd 29.45 28.85 2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 37,100 41,100 -10%
Imperial Hotel, Ltd 3,790 3,770 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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