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Featured in this Asia Pacific Hospitality Newsletter |
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Globally, Low-cost carriers (LCC) seat capacity increased 6.8% in the first six months of 2013, compared to the same period in 2012. But this growth was found to be fuelled by the growth of budget airlines in Asia, which added 28% more in capacity in the first six months of 2013, reaching 129m seats. LCCs in Indonesia increased their capacity by 12.3 million seats in the six-month period, while strong growth was also seen from LCCs in India (+ 3.0m seats), Thailand (+ 2.0m seats) and Malaysia (+ 1.8m seats). Combined, these four countries were responsible for half of global total of LCC capacity growth.
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ANA’s new Tokyo-based low-cost carrier, Vanilla Air, will be officially launched on Friday 1 November 2013. The new airline, which replaces AirAsia Japan, will be based at Tokyo Narita International Airport, offering routes to key domestic and international destinations, initially including Sapporo, Okinawa, Seoul and Taipei. Future routes are expected to include Hong Kong and Micronesia.
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Demand for air travel in the Asia Pacific region picked up pace in September 2013. According to the latest data from IATA, the region’s airlines experienced an 8.5% rise in international passenger traffic during the month, while cabin load factors increased one percentage point to 78.1%. IATA noted that the growth was supported by an “improvement in China’s third quarter GDP growth”. And this also appears to have bolstered domestic air travel in China, which surged 10.6% in September, with load factors of 80.2%.
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The vast majority of people in Asia are in favour of a single visa system across the ASEAN region, a new survey has found. The study, conducted by travel search site Skyscanner, found that 81% of people would welcome an EU-style single visa system across the Southeast Asian bloc. This came from a sample group of 7,000 people from Singapore, Indonesia, the Philippines, South Korea, Thailand, India and China.
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International visitor arrivals to Australia reached 6.3 million in the full-year 2012-13 – up 4.9% compared to the previous 12-month period. According to the latest data from Tourism Research Australia (TRA), this growth was outpaced by a 5.9% rise in tourism receipts, which hit AU$28.2 billion (US$27.0bn). Australia appears to be benefiting from the rising spending power of Chinese tourists. Receipts generated by Chinese visitors increased 20.0% to AU$4.5bn in 2012-13, compared to just 2.3% growth in receipts from Japanese tourists, to AU$1.5bn.
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Pan Pacific Hotels Group has signed an agreement to operate its first Pan Pacific-branded hotel in Myanmar. Set to open in 2016, the 348-room Pan Pacific Yangon will form part of a mixed-use development also comprising serviced apartments, retail and office space. It will be located on the Shwedagon Pagoda Road, opposite Bogyoke Aung San Market. Along with the upscale rooms, the property will feature a range of facilities including a swimming pool, spa, gym, ballroom, meeting rooms and two restaurants.
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Absolute Share Price Performance, as at 1 November 2013
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Closing Share Price as at |
1 November 2013
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25 October 2013
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% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
8.02
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8.28
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-3%
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General Property Group |
3.66
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3.72
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-2%
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Mirvac Group |
1.75
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1.75
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-
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Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
39.25
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39.50
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-1%
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Dusit Thani Public Co Ltd |
63.50
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63.50
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-
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The Erawan Group Public Co Ltd |
4.64
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5.05
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-8%
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Grande Asset Hotels and Property Public Co Ltd |
1.17
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1.25
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-6%
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Laguna Resorts & Hotel Public Co Ltd |
31.75
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35.50
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-11%
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Minor International Public Co Ltd |
27.00
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26.50
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2%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
15.17
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14.91
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2%
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Beijing Capital Tourism Co Ltd |
12.61
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13.34
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-5%
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Jinling Hotel Corporation Ltd |
7.80
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8.24
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-5%
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
6.92
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6.68
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4%
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Guangzhou Dong Fang Hotel Co Ltd |
6.03
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6.11
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-1%
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Shenzhen Century Plaza Hotel Co Ltd |
4.24
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4.54
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-7%
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NASDAQ (US$) |
China Lodging Group, Limited
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22.33
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21.35
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5%
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Home Inns & Hotels Management Inc |
35.64
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35.69
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-
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.95
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9.93
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-
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Regal Hotels International Holdings Ltd |
4.24
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4.22
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-
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Sino Hotels Holdings Ltd |
2.70
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2.70
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-
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The Hong Kong & Shanghai Hotels Ltd |
12.18
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12.50
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-3%
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Shangri-La Asia Limited |
14.18
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13.94
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2%
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Dorsett Hospitality International
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1.70
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1.69
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1%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
51.05
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48.25
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6%
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EIH (Oberoi Hotels & Resorts) |
56.75
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54.25
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5%
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Hotel Leela Ventures |
15.85
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16.15
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-2%
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Korea Exchange (KRW) |
The Shilla |
69,300
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67,900
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2%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.56
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0.56
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-
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Ascendas Hospitality Trust
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0.77
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0.78
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-1%
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Ascott Residence Trust |
1.30
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1.30
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-
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Banyan Tree Holdings Limited |
0.68
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0.68
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-
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CDL Hospitality Trusts
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1.66
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1.67
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-1%
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Far East Hospitality Trust
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0.90
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0.90
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-
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Hotel Grand Central Ltd |
1.06
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1.05
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1%
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Hotel Properties Ltd |
3.12
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3.16
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-1%
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Mandarin Oriental International Ltd (US$) |
1.70
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1.71
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-1%
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Shangri-La Asia Limited (HK$)
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13.70
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13.70
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-
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Stamford Land Corporation Ltd
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0.57
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0.57
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-
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
354.00
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341.00
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4%
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The Ambassador Hotel, Ltd |
29.40
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29.15
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1%
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Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp.
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46,300
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45,950
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1%
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Imperial Hotel, Ltd
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2,401
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2,460
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-2%
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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. |