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8 November 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
U Hotels arrives in Hoi An
Starwood brings St Regis to Jakarta
Anantara Phuket Layan Resort & Spa to open in January 2014
Far East opens Village Hotel Katong
Tourism NZ aims to boost Queenstown
Philippine Airlines commences London route
Absolute Share Price Performance, as at 8 November 2013
U Hotels arrives in Hoi An Return to Headlines
Absolute Hotel Services (AHS) has unveiled plans to launch its U Hotels & Resorts brand in the historic Vietnamese city of Hoi An. The company has taken over the management contract of the existing Hoi An Beach Resort, and will now renovate the property before relaunching it as the U Hoi An in late 2014. Located between De Vong River and Cua Dai Beach, the U Hoi An will feature 121 rooms with river, garden or beach views. Resort facilities will include a new lobby building, two restaurants, two bars, two swimming pools, a gym, spa, conference facilities and a private beach area.

Starwood brings St Regis to Jakarta Return to Headlines

An agreement with Indonesia’s Rajawali Group will see the all-suite St Regis Jakarta open in 2016, as part of a new mixed-use development in the Mega Kuningan area of the city. The 141,000m² project, which is already under construction, will include the 124-room hotel and a 47-storey office tower, plus F&B and retail components. The hotel forms part of a 20-year strategic partnership between Starwood and Rajawali, which has already included the development of the St Regis Bali.

Anantara Phuket Layan Resort & Spa to open in January 2014 Return to Headlines

Opening in January 2014, Anantara Phuket Layan Resort & Spa will be located at Layan Beach, on the island’s northwest coast, 20 minutes’ drive from Phuket International Airport. The new resort will feature 77 suites and villas, all featuring iPod docking stations, Apple TVs, wine cabinets, in-room bars, Nespresso coffee machines and free Wi-Fi. The 47 villas will all feature private pools. The resort’s F&B options include the Sala Layan, an all-day dining restaurant, and the Deeplee Thai restaurant, plus the Infinity Bar and Breeze pool bar. Other resort facilities include an outdoor swimming pool, spa, fitness centre, gift shop, library and kids’ club, plus a range of watersports and bicycle hire.

Far East opens Village Hotel Katong Return to Headlines

Far East Hospitality has launched a new Peranakan-inspired hotel in Singapore – Village Hotel Katong. The upscale property is a 229-room hotel designed in a style that reflects the Peranakan heritage of eastern Singapore’s Katong and Joo Chiat districts.The property was formerly known as the Paramount Hotel and Shopping Centre, but recently completed a SG$30 million (US$24.1m) refurbishment before being relaunched under the Village brand. Other hotel amenities include complimentary Wi-Fi access, airport shuttle services, a club lounge, swimming pool and gym, plus five meeting rooms.

Tourism NZ aims to boost Queenstown Return to Headlines

Tourism New Zealand has formed a new marketing partnership aimed at boosting summer visitor numbers to Queenstown. The new joint marketing agreement with Destination Queenstown will showcase the adventurous side of the South Island city to Australian visitors. The campaign, ‘Everyday a different story’, will be rolled out in New South Wales and Victoria, with a focus on attracting more visitors to Queenstown from January to April 2014.

Philippine Airlines commences London route Return to Headlines

Philippine Airlines’ first flight from Manila to London in 15 years will land at Heathrow this afternoon on November 4, and ready to attend World Travel Market. PAL’s president Ramon S. Ang will be onboard the inaugural flight, which is the first European destination PAL has flown into since it was removed from an EU airline blacklist. The route will now operate five times a week on Monday, Wednesday, Thursday, Saturday and Sunday.

Absolute Share Price Performance, as at 8 November 2013
Closing Share Price as at 8 November 2013 1 November 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.13 8.02 1%
General Property Group 3.71 3.66 1%
Mirvac Group 1.76 1.75 1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 38.50 39.25 -2%
Dusit Thani Public Co Ltd 63.00 63.50 -1%
The Erawan Group Public Co Ltd 4.46 4.64 -4%
Grande Asset Hotels and Property Public Co Ltd 1.15 1.17 -2%
Laguna Resorts & Hotel Public Co Ltd 31.00 31.75 -2%
Minor International Public Co Ltd 26.00 27.00 -4%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.45 15.17 -5%
Beijing Capital Tourism Co Ltd 12.90 12.61 2%
Jinling Hotel Corporation Ltd 7.76 7.80 -1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.54 6.92 -5%
Guangzhou Dong Fang Hotel Co Ltd 5.78 6.03 -4%
Shenzhen Century Plaza Hotel Co Ltd 4.19 4.24 -1%
China Lodging Group, Limited 22.70 22.33 2%
Home Inns & Hotels Management Inc 35.37 35.64 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.98 9.95 -
Regal Hotels International Holdings Ltd 4.42 4.24 4%
Sino Hotels Holdings Ltd 2.80 2.70 4%
The Hong Kong & Shanghai Hotels Ltd 11.96 12.18 -2%
Shangri-La Asia Limited 14.10 14.18 -1%
Dorsett Hospitality International 1.69 1.70 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 50.80 51.05 -
EIH (Oberoi Hotels & Resorts) 57.30 56.75 1%
Hotel Leela Ventures 15.25 15.85 -4%
Korea Exchange (KRW)
The Shilla 69,500 69,300 -
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.56 0.56 -
Ascendas Hospitality Trust 0.76 0.77 -1%
Ascott Residence Trust 1.25 1.30 -4%
Banyan Tree Holdings Limited 0.67 0.68 -1%
CDL Hospitality Trusts 1.65 1.66 -1%
Far East Hospitality Trust 0.89 0.90 -1%
Hotel Grand Central Ltd 1.05 1.06 -1%
Hotel Properties Ltd 3.12 3.12 -
Mandarin Oriental International Ltd (US$) 1.72 1.70 1%
Shangri-La Asia Limited (HK$) 14.02 13.70 2%
Stamford Land Corporation Ltd 0.58 0.57 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 339.50 354.00 -4%
The Ambassador Hotel, Ltd 29.25 29.40 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 45,100 46,300 -3%
Imperial Hotel, Ltd 2,369 2,401 -1%
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Achin Khanna
HVS Shanghai
Annie Wang
HVS Singapore
Kaushik Vardharajan
HVS Mumbai
Natwar Nagar
HVS Bangkok
Chris Pucher
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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