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18 October 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Visa exemption to boost China – Thailand exchanges
Stimulus program to improve tourism in Haiphong
Marriott International shows growth in Asia
Starwood Hotels expands in Thailand with debut of Sheraton Hua Hin Pranburi Villas
Swiss-Belhotel debuts in Manila
Thai AirAsia develops Krabi market with new routes to Chiang Mai and Singapore
Scoot announces Singapore – Perth flights
Absolute Share Price Performance, as at 18 October 2013
Visa exemption to boost China – Thailand exchanges Return to Headlines
A proposed visa exemption initiative is expected to boost China – Thailand exchanges; by promoting convenient and cheaper travel for tourists from the two countries. Currently, China is the largest source market to Thailand, with Chinese visitors to the country reaching 2.8 million last year.

Stimulus program to improve tourism in Haiphong Return to Headlines

Haiphong is stepping up its efforts in the fourth quarter of 2013 to implement the Tourism Stimulus Program 2013, which was launched by Vietnam National Administration of Tourism (VNAT) to foster the development of service sectors in Vietnam. As one of the key localities under Tourism Stimulus Program 2013, Haiphong has organised events such as the Hai Phong Promotional Week in July 2013 and the recent Red River Delta Food Festival. In the first 8 months of 2013, the port city welcomed more than 3.4 million tourist arrivals, an increase of 7.11% compared to the same period in 2012.

Marriott International shows growth in Asia Return to Headlines

Marriott International is set to open 6 hotels in Asia this month, with openings under its Ritz-Carlton brand in Chengdu, Tianjin and Bangalore, and its JW Marriott brand in Hanoi, Bangalore and Delhi. By 2016, Marriott expects to more than double in size in Asia, reaching at total of 330 hotels with more than 96,000 rooms across 16 countries.

Starwood Hotels expands in Thailand with debut of Sheraton Hua Hin Pranburi Villas Return to Headlines

Starwood Hotels & Resorts Worldwide has expanded its footprint in Thailand with the opening of Sheraton Hua Hin Pranburi Villas in Prachuap Khirikhan. The 55-villa property is an easy and scenic three-hour drive from Bangkok and approximately 22 kilometres south of Hua Hin. Sheraton currently operates 4 hotels in Thailand, including Royal Orchid Sheraton Hotel & Towers, Sheraton Hua Hin Resort & Spa, Sheraton Krabi Beach Resort and Sheraton Pattaya Resort.

Swiss-Belhotel debuts in Manila Return to Headlines

Swiss-Belhotel International is establishing its presence in the Philippines with a new deal to manage a 426-room hotel in Manila. Slated to open in 2016, the country’s first Swiss-Belhotel property will be located in Quezon City’s mixed development in North Triangle; a prime area that will become the next central business district and hub of all commercial activities in Metro Manila.

Thai AirAsia develops Krabi market with new routes to Chiang Mai and Singapore Return to Headlines

Low-cost carrier AirAsia Group is strengthening its presence in Thailand’s popular seaside resort destination, Krabi, by adding two new routes: Krabi – Chiang Mai and Krabi – Singapore. The latest changes will make AirAsia the airline with the most flights to Krabi; operating 8 flights daily from Bangkok, 2 flights daily from Kuala Lumpur and once daily from Chiang Mai and Singapore.

Scoot announces Singapore – Perth flights Return to Headlines

From 19 December 2013, Singapore-based budget carrier Scoot will operate 5 flights weekly between Singapore and Perth. This is the rapidly-growing airline’s 13th destination and third destination in Australia.

Absolute Share Price Performance, as at 18 October 2013
Closing Share Price as at 18 October 2013 11 October 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.33 8.20 2%
General Property Group 3.72 3.64 2%
Mirvac Group 1.78 1.74 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 42.75 42.00 2%
Dusit Thani Public Co Ltd 64.00 63.00 2%
The Erawan Group Public Co Ltd 5.35 5.00 7%
Grande Asset Hotels and Property Public Co Ltd 1.27 1.21 5%
Laguna Resorts & Hotel Public Co Ltd 31.50 30.75 2%
Minor International Public Co Ltd 28.25 27.50 3%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 16.22 17.14 -5%
Beijing Capital Tourism Co Ltd 14.15 14.17 -
Jinling Hotel Corporation Ltd 8.99 8.41 7%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 9.00 9.14 -2%
Guangzhou Dong Fang Hotel Co Ltd 6.48 6.28 3%
Shenzhen Century Plaza Hotel Co Ltd 5.17 4.06 27%
China Lodging Group, Limited 22.82 20.43 12%
Home Inns & Hotels Management Inc 36.96 37.53 -2%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.99 10.02 -
Regal Hotels International Holdings Ltd 4.20 4.12 2%
Sino Hotels Holdings Ltd 2.70 2.70 -
The Hong Kong & Shanghai Hotels Ltd 12.90 12.52 3%
Shangri-La Asia Limited 13.24 12.20 9%
Dorsett Hospitality International 1.70 1.68 1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 49.65 48.30 3%
EIH (Oberoi Hotels & Resorts) 55.55 56.95 -2%
Hotel Leela Ventures 15.75 15.15 4%
Korea Exchange (KRW)
The Shilla 66,400 62,000 7%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.56 0.56 -
Ascendas Hospitality Trust 0.76 0.76 -
Ascott Residence Trust 1.24 1.28 -3%
Banyan Tree Holdings Limited 0.68 0.68 -
CDL Hospitality Trusts 1.67 1.67 -
Far East Hospitality Trust 0.89 0.89 -
Hotel Grand Central Ltd 1.06 1.04 2%
Hotel Properties Ltd 3.13 3.07 2%
Mandarin Oriental International Ltd (US$) 1.67 1.67 -
Shangri-La Asia Limited (HK$) 11.50 12.60 -9%
Stamford Land Corporation Ltd 0.57 0.56 2%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 347.00 328.00 6%
The Ambassador Hotel, Ltd 29.20 28.85 1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 45,500 45,200 1%
Imperial Hotel, Ltd* 2,454 2,424 1%
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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