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25 October 2013 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Mandalika project to start first phase development
Outrigger to launch a second brand
Wyndham to expand beyond China
British Airways, Dragonair increase flights to India
Tourism New Zealand launches latest ‘Every day a different story’ campaign
Absolute Share Price Performance, as at 25 October 2013
Mandalika project to start first phase development Return to Headlines
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.

Outrigger to launch a second brand Return to Headlines

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.

Wyndham to expand beyond China Return to Headlines

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.

British Airways, Dragonair increase flights to India Return to Headlines

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.

Tourism New Zealand launches latest ‘Every day a different story’ campaign Return to Headlines

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.

Absolute Share Price Performance, as at 25 October 2013
Closing Share Price as at 25 October 2013 18 October 2013 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.28 8.33 -1%
General Property Group 3.72 3.72 -
Mirvac Group 1.75 1.78 -2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 39.50 42.75 -8%
Dusit Thani Public Co Ltd 63.50 64.00 -1%
The Erawan Group Public Co Ltd 5.05 5.35 -6%
Grande Asset Hotels and Property Public Co Ltd 1.25 1.27 -2%
Laguna Resorts & Hotel Public Co Ltd 35.50 31.50 13%
Minor International Public Co Ltd 26.50 28.25 -6%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.91 16.22 -8%
Beijing Capital Tourism Co Ltd 13.34 14.15 -6%
Jinling Hotel Corporation Ltd 8.24 8.99 -8%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 6.68 9.00 -26%
Guangzhou Dong Fang Hotel Co Ltd 6.11 6.48 -6%
Shenzhen Century Plaza Hotel Co Ltd 4.54 5.17 -12%
China Lodging Group, Limited 21.35 22.82 -6%
Home Inns & Hotels Management Inc 35.69 36.96 -3%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.93 9.99 -1%
Regal Hotels International Holdings Ltd 4.22 4.20 -
Sino Hotels Holdings Ltd 2.70 2.70 -
The Hong Kong & Shanghai Hotels Ltd 12.50 12.90 -3%
Shangri-La Asia Limited 13.94 13.24 5%
Dorsett Hospitality International 1.69 1.70 -1%
Bombay Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 48.25 49.65 -3%
EIH (Oberoi Hotels & Resorts) 54.25 55.55 -2%
Hotel Leela Ventures 16.15 15.75 3%
Korea Exchange (KRW)
The Shilla 67,900 66,400 2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.56 0.56 -
Ascendas Hospitality Trust 0.78 0.76 3%
Ascott Residence Trust 1.30 1.24 5%
Banyan Tree Holdings Limited 0.68 0.68 -
CDL Hospitality Trusts 1.67 1.67 -
Far East Hospitality Trust 0.90 0.89 1%
Hotel Grand Central Ltd 1.05 1.06 -1%
Hotel Properties Ltd 3.16 3.13 1%
Mandarin Oriental International Ltd (US$) 1.71 1.67 2%
Shangri-La Asia Limited (HK$) 13.70 11.50 19%
Stamford Land Corporation Ltd 0.57 0.57 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 341.00 347.00 -2%
The Ambassador Hotel, Ltd 29.15 29.20 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 45,950 45,500 1%
Imperial Hotel, Ltd* 2,460 2,454 -
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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