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17 May 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Bangkok Airways and Qatar Airways Begin Codesharing
Best Western Premier Debuts in Perth
Bandung Sets Up Tourism Promotion Board
Jetwing Debuts Budget Brand in Sri Lanka
Pullman Launches in Phuket
Absolute Share Price Performance, as at 17 May 2013
Bangkok Airways and Qatar Airways Begin Codesharing Return to Headlines
Bangkok Airways and Qatar Airways have begun their codeshare agreement, which will cover selected flights in Thailand and within the region. Under this agreement, Qatar Airways' passengers travelling to Bangkok will have better connections for their onward journey within Thailand, Cambodia and Myanmar. Likewise Bangkok Airways' passengers travelling from Samui, Phuket, Chiang Mai, Trat, Sukhothai, Lampang, Krabi, Phnom Penh and Yangon will be able to transit in Bangkok's Suvarnabhumi Airport onto Doha with Qatar Airways.

Best Western Premier Debuts in Perth Return to Headlines

Best Western Premier has debuted in Perth with the Best Western Premier The Terrace Hotel. The hotel is located in St George's House, a heritage-listed building in the West End of Perth's Central Business District and features 15 suites. The property also includes a restaurant, the Rear Bar & Terrace, and a wine vault with a tasting room featuring more than 300 wines. This is the second Best Western Premier property in Australia, after the opening of the Best Western Premier Hotel 115 Kew in Melbourne in 2012. Best Western now operates all three of its brands - Best Western, Best Western Plus and Best Western Premier, in Australia.

Bandung Sets Up Tourism Promotion Board Return to Headlines

The city of Bandung has set up the Bandung Tourism Promotion Board (BTPB) to develop and promote the city's tourism industry. The Bandung municipal government has provided a start-up capital of IDR7 billion (US$721,649) and the first initiative will be to develop a database on the attractions in Bandung and to create a travel planner on the city. The board of BTPB has signed a Memorandum of Understanding with Basis Bay Singapore to develop Bandung's database. BTPB will work closely with the provincial promotion board, West Java Tourism Promotion Board, to promote West Java, while creating and promoting unique aspects of Bandung. BTPM will focus on ecotourism, city tours, science and health tourism and Bandung's government is planning on developing greater accessibility for tourists within the city.

Jetwing Debuts Budget Brand in Sri Lanka Return to Headlines
Sri Lankan travel company, Jetwing, has debuted Hotel J - the company's new domestic budget hotel brand, marking Jetwing's entrance into the budget hotel segment. The brand's first property, Hotel J Negombo, is located in Negombo, a west coast town in Sri Lanka and features 35 rooms and 1 suite. Facilities in the hotel include Wi-Fi, restaurant, bar and a swimming pool. Jetwing plans on opening future Hotel J properties in other key resort destinations and currently operates 16 properties in Sri Lanka under its Jetwing Hotels brand and will open an additional five properties in the next two years.
Pullman Launches in Phuket Return to Headlines
Accor has announced the debut of its upscale brand, Pullman, in Phuket. Located on Phuket's west coast on Naithon Beach, the Pullman Phuket Arcadia features 277 rooms with tropical gardens, waterfalls and views of the Andaman Sea. The property features seven food and beverage outlets, the Dhatri Spa and five meeting rooms and a 389 square metre ballroom. The Pullman Phuket Arcadia also offers outdoor function areas and a dedicated events manager to tap into the meeting and incentive market in Phuket. This is the fifth Pullman property in Thailand, while the brand operates over 40 properties in Asia Pacific with a further 40 in the pipeline.
Absolute Share Price Performance, as at 17 May 2013
Closing Share Price as at 17 May 2013 10 May 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.67 8.67 -
General Property Group 4.12 4.14 -
Mirvac Group 1.77 1.75 1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 37.25 39.25 -5%
Dusit Thani Public Co Ltd 60.25 60.00 -
The Erawan Group Public Co Ltd 5.15 5.00 3%
Grande Asset Hotels and Property Public Co Ltd 1.60 1.57 2%
Laguna Resorts & Hotel Public Co Ltd 43.00 45.25 -5%
Minor International Public Co Ltd 28.00 24.20 16%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 12.81 12.60 2%
Beijing Capital Tourism Co Ltd 13.77 13.79 -
Jinling Hotel Corporation Ltd 7.01 6.86 2%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 4.50 4.29 5%
Guangzhou Dong Fang Hotel Co Ltd 6.49 6.19 5%
Shenzhen Century Plaza Hotel Co Ltd 3.96 4.00 -1%
China Lodging Group, Limited 15.38 15.72 -2%
Home Inns & Hotels Management Inc 29.08 26.52 10%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 10.96 11.00 -
Regal Hotels International Holdings Ltd 3.68 3.65 1%
Sino Hotels Holdings Ltd 2.73 2.71 1%
The Hong Kong & Shanghai Hotels Ltd 13.78 13.26 4%
Shangri-La Asia Limited 14.30 14.56 -2%
Dorsett Hospitality International 2.03 2.05 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 57.00 58.35 -2%
EIH (Oberoi Hotels & Resorts) 60.25 62.45 -4%
Hotel Leela Ventures 20.85 21.15 -1%
Korea Exchange (KRW)
The Shilla 58,700 58,000 1%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.59 0.61 -3%
Ascendas Hospitality Trust 0.97 0.99 -2%
Ascott Residence Trust 1.46 1.41 4%
Banyan Tree Holdings Limited 0.67 0.62 8%
CDL Hospitality Trusts 1.98 1.94 2%
Far East Hospitality Trust 1.07 1.12 -4%
Hotel Grand Central Ltd 1.08 1.08 -
Hotel Properties Ltd 3.56 3.60 -1%
Mandarin Oriental International Ltd (US$) 1.88 1.80 4%
Pan Pacific Hotels Group Limited 2.53 2.34 8%
Shangri-La Asia Limited (HK$) 14.50 14.80 -2%
Stamford Land Corporation Ltd 0.64 0.63 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 336 342 -2%
The Ambassador Hotel, Ltd 29.60 29.45 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 39,000 37,100 5%
Imperial Hotel, Ltd 3,800 3,790 -
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Michelle Hui
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Mark Keith & Daniel Voellm
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Kaushik Vardharajan
HVS Shanghai
Adeline Phua
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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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