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Featured in this Asia Pacific Hospitality Newsletter |
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The Mandalika Resort project in Lombok will kick off with road construction in the 400-hectare first-phase development, starting in November 2013. From June 2014, the construction of three hotels, including Club Med and Marriott Vacations, and an 18-hole golf course will commence. Two other five-star properties to be run by international hotel operators are also in the pipeline. Developed and managed by Bali Tourism Development Corporation (BTDC), the Mandalika Resort project covers a total area of 1,175 hectares and will be developed in three stages, with a target to complete by 2020.
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Outrigger Enterprises Group is launching a second global brand, which will enable it to tap the mid-tier urban hotel market. The brand is expected to debut in 2014, most likely in Hawaii. In addition, a number of locations have also been identified in Australia and Asia. Moving forward, Outrigger is looking to extend its footprint to China and Vietnam, with developments in Hainan and Vinh Hoi respectively.
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Wyndham Hotel Group is looking to expand outside of China, especially in countries like Vietnam, Cambodia and Myanmar, where it does not have a presence at the moment. In recent years, Wyndham has enlarged its footprint aggressively in the Asia-Pacific region, growing from 57 hotels in 2005 to 737 hotels currently, of which 85 per cent are in China, followed by India and the Philippines.
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British Airways will launch a sixth London-Chennai flight from 27 October 2013, operating six times a week except Thursday, using its Boeing 777-200 aircraft. With the latest addition, British Airways’ flights to India’s five cities will now total 48 weekly. Meanwhile, Dragonair has increased its service from Hong Kong to Kolkata from four to five flights weekly this month, adding capacity to a busy route from the eastern Indian gateway to Hong Kong, Macau and beyond, through its own and Cathay Pacific networks.
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Tourism New Zealand launches the latest ‘Every day a different story’ campaign in Australia, as part of its marketing activity to promote various regions throughout New Zealand. Started earlier this month, the latest campaign promotes the hidden gems of the Wellington, Marlborough and Wairarapa region, and the wide range of accessible experiences on offer for visitors. The latest activity directly follows on from the first phase of the campaign, which promoted the Central and Upper North Island region. Further ‘Every day a different story’ campaigns promoting the Queenstown and Christchurch region are scheduled to roll out later this year.
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Absolute Share Price Performance, as at 25 October 2013
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Closing Share Price as at |
25 October 2013
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18 October 2013
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% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
8.28
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8.33
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-1%
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General Property Group |
3.72
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3.72
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-
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Mirvac Group |
1.75
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1.78
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-2%
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Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
39.50
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42.75
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-8%
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Dusit Thani Public Co Ltd |
63.50
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64.00
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-1%
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The Erawan Group Public Co Ltd |
5.05
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5.35
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-6%
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Grande Asset Hotels and Property Public Co Ltd |
1.25
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1.27
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-2%
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Laguna Resorts & Hotel Public Co Ltd |
35.50
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31.50
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13%
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Minor International Public Co Ltd |
26.50
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28.25
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-6%
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China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
14.91
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16.22
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-8%
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Beijing Capital Tourism Co Ltd |
13.34
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14.15
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-6%
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Jinling Hotel Corporation Ltd |
8.24
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8.99
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-8%
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China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
6.68
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9.00
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-26%
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Guangzhou Dong Fang Hotel Co Ltd |
6.11
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6.48
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-6%
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Shenzhen Century Plaza Hotel Co Ltd |
4.54
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5.17
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-12%
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NASDAQ (US$) |
China Lodging Group, Limited
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21.35
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22.82
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-6%
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Home Inns & Hotels Management Inc |
35.69
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36.96
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-3%
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Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
9.93
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9.99
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-1%
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Regal Hotels International Holdings Ltd |
4.22
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4.20
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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 |
12.50
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12.90
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-3%
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Shangri-La Asia Limited |
13.94
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13.24
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5%
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Dorsett Hospitality International
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1.69
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1.70
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-1%
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Bombay Stock Exchange (INR) |
IHCL (Taj Hotels, Resorts & Palaces) |
48.25
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49.65
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-3%
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EIH (Oberoi Hotels & Resorts) |
54.25
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55.55
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-2%
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Hotel Leela Ventures |
16.15
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15.75
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3%
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Korea Exchange (KRW) |
The Shilla |
67,900
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66,400
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2%
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Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.56
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0.56
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-
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Ascendas Hospitality Trust
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0.78
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0.76
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3%
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Ascott Residence Trust |
1.30
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1.24
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5%
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Banyan Tree Holdings Limited |
0.68
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0.68
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-
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CDL Hospitality Trusts
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1.67
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1.67
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-
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Far East Hospitality Trust
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0.90
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0.89
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1%
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Hotel Grand Central Ltd |
1.05
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1.06
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-1%
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Hotel Properties Ltd |
3.16
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3.13
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1%
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Mandarin Oriental International Ltd (US$) |
1.71
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1.67
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2%
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Shangri-La Asia Limited (HK$)
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13.70
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11.50
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19%
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Stamford Land Corporation Ltd
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0.57
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0.57
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-
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Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
341.00
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347.00
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-2%
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The Ambassador Hotel, Ltd |
29.15
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29.20
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-
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Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp.
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45,950
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45,500
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1%
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Imperial Hotel, Ltd*
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2,460
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2,454
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-
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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. |