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11 October 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Asian arrivals continue to climb
Cebu Pacific to increase flights to Osaka
New Jakarta airport construction to start next year
Iron Man lands at Hong Kong Disneyland
Thailand aims to boost MICE market
Ascott expands in Thailand
Absolute Share Price Performance, as at 11 October 2013
Asian arrivals continue to climb Return to Headlines
Southeast Asia leads the way, but arrivals to China fall again. International visitor arrivals to the Asia Pacific region increased 6% in June 2013. According to the data figures from the Pacific Asia Travel Association (PATA), all sub-regions recorded year-on-year growth during the month, led by Southeast Asia, which experienced an 11% jump in visitor numbers. In the first six months of 2013, the Asia Pacific region has now welcomed almost 7.7 million additional international arrivals than the same period in 2012, representing a growth rate of 4.5%.

Cebu Pacific to increase flights to Osaka Return to Headlines

Cebu Pacific Air (CEB) will expand its operations in Japan later this year, with the launch of more direct flights connecting Manila and Osaka. The Philippine low-cost carrier currently operates three weekly flights to the Japanese city, every Tuesday, Thursday and Sunday. But from 20 December 2013 CEB will add four more weekly services on the route, taking the total frequency to daily.

New Jakarta airport construction to start next year Return to Headlines

Local media reported this week that a planned review of the new Karawang International Airport project is close to completion. The new West Java airport is being developed to ease the pressure at Jakarta’s Soekarno-Hatta International Airport, which is currently operating at more than double its intended capacity of 22 million passengers per year. While Soekarno-Hatta is also being expanded, passenger numbers at Jakarta are experiencing double-digit year-on-year growth, driving the need for a second airport.

Iron Man lands at Hong Kong Disneyland Return to Headlines

Hong Kong Disneyland will launch a new Iron Man-themed area, following its recent partnership with the comic book hero’s creator, Marvel. The new area will be a world-first and it will take guests on an adventure, as Iron Man (aka Tony Stark) defends Hong Kong against alien invaders. Set to open in late 2016, the experience will also include an area where guests can meet and take photos with Iron Man, as well as a shop selling Marvel merchandise. With the recent launches of Toy Story Land, Grizzly Gulch and Mystic Point, the park’s total area has increased by around 25% over the past two years.

Thailand aims to boost MICE market Return to Headlines

The new ‘Thailand Connect’ campaign, which was unveiled by the Thailand Convention & Exhibition Bureau (TCEB), will offer a range of incentives for meeting planners who decide to hold their event in Thailand. The campaign will focus on three main areas - i) it will play on the range of destinations on offer, identifying five ‘MICE cities’ which combine to offer more than 222,000m² of exhibition space; ii) it plans to take advantage of the ASEAN Economic Community (AEC), which comes into force in 2015, creating more cross-border business opportunities between the ASEAN member states; iii) TCEB is playing on the concept of Thailand’s hospitality and service standards.

Ascott expands in Thailand Return to Headlines

Ascott has expanded its footprint in Thailand with the signing of a new serviced residence in Sri Racha – an industrial town on the country’s eastern seaboard. Scheduled to open in 2014, the 133-room Citadines Grand Central Sri Racha will take Ascott’s Thai portfolio to 10 properties and more than 1,800 apartment units. It will offer a range of studios, one- and two-bedroom apartments, all equipped with kitchens and separate work and living areas. Facilities will include a gymnasium, swimming pool and a Japanese onsen.

Absolute Share Price Performance, as at 11 October 2013
Closing Share Price as at 11 October 2013 4 October 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.20 8.28 -1%
General Property Group 3.64 3.57 2%
Mirvac Group 1.74 1.74 -
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 42.00 40.75 3%
Dusit Thani Public Co Ltd 63.00 60.50 4%
The Erawan Group Public Co Ltd 5.00 4.80 4%
Grande Asset Hotels and Property Public Co Ltd 1.21 1.26 -4%
Laguna Resorts & Hotel Public Co Ltd 30.75 30.00 2%
Minor International Public Co Ltd 27.50 26.00 6%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 17.14 13.72 25%
Beijing Capital Tourism Co Ltd 14.17 13.97 1%
Jinling Hotel Corporation Ltd 8.41 8.36 1%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.14 8.88 3%
Guangzhou Dong Fang Hotel Co Ltd 6.28 6.05 4%
Shenzhen Century Plaza Hotel Co Ltd 4.06 3.86 5%
China Lodging Group, Limited 20.43 19.96 2%
Home Inns & Hotels Management Inc 37.53 38.00 -1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 10.02 10.16 -1%
Regal Hotels International Holdings Ltd 4.12 4.07 1%
Sino Hotels Holdings Ltd 2.70 2.70 -
The Hong Kong & Shanghai Hotels Ltd 12.52 11.76 6%
Shangri-La Asia Limited 12.20 12.50 -2%
Dorsett Hospitality International 1.68 1.71 -2%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 48.30 49.10 -2%
EIH (Oberoi Hotels & Resorts) 56.95 53.90 6%
Hotel Leela Ventures 15.15 14.60 4%
Korea Exchange (KRW)
The Shilla 62,000 63,100 -2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.56 0.56 -
Ascendas Hospitality Trust 0.76 0.77 -1%
Ascott Residence Trust 1.28 1.26 2%
Banyan Tree Holdings Limited 0.68 0.68 -
CDL Hospitality Trusts 1.67 1.62 3%
Far East Hospitality Trust 0.89 0.89 -
Hotel Grand Central Ltd 1.04 1.06 -2%
Hotel Properties Ltd 3.07 3.08 -
Mandarin Oriental International Ltd (US$) 1.67 1.64 2%
Pan Pacific Hotels Group Limited 2.54 2.54 -
Shangri-La Asia Limited (HK$) 12.60 12.54 -
Stamford Land Corporation Ltd 0.56 0.56 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 328.00 333.00 -2%
The Ambassador Hotel, Ltd 28.85 29.00 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 45,200 44,100 2%
Imperial Hotel, Ltd*
*1 for 2 stock split effective 1 Oct 2013
2,424 2,335 4%
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Kaushik Vardharajan
HVS Shanghai
Tan Wei See
HVS Singapore
David Ling
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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