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25 April 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Oaks expands in Queensland
U Hotels to launch in Pattaya
Asian travellers to spend more in 2014
Japanese arrivals surge in Q1
Sheraton Grande Sukhumvit unveils revamped rooms
AirAsia brings long-haul services to Thailand
Absolute Share Price Performance, as at 25 April 2014
Oaks expands in Queensland Return to Headlines
Oaks Hotels & Resorts, which forms part of Thailand’s Minor Hotel Group, has unveiled plans to expand its portfolio in Queensland this summer. Opening its doors in July 2014, the 138-room Oaks Rivermarque Mackay will be located on River Street, in the central Queensland city of Mackay, overlooking the Pioneer River. Spanning eight floors, the 4.5-star property will offer 138 hotel rooms, studios and one- and two-bedroom apartments. Facilities will include an indoor swimming pool, spa and gym, while a restaurant and café are also expected to open in late 2014.

U Hotels to launch in Pattaya Return to Headlines

Absolute Hotel Services (AHS) will launch its upscale U Hotels & Resorts brand in Pattaya next year. Set to debut in early 2015, U Pattaya will be set on a 5.5-hectare plot of beachfront land between Jomtien and Bang Saray. The property will feature 21 rooms and 21 villas, ranging from 40 to 148m². The villas all have private pools and include two-bedroom options. Other facilities will include a beachfront restaurant, rooftop bar, spa, outdoor swimming.

Asian travellers to spend more in 2014 Return to Headlines

Asian travellers will spend approximately 7% more on travel this year than they did in 2013, a new study has found. According to the latest edition of TripAdvisor’s ‘TripBarometer’, which monitors travellers’ intentions, Asians plan to spend an average of US$4,633 on travel this year, up from US$4,331 in 2013. Asia still lags behind the global average visitor spending levels however; globally, travellers’ average annual spending is projected to increase 3% from US$5,955 in 2013 to US$6,136 this year. Asians are also travelling more this year; with 93% of respondents saying they plan to travel domestically in 2014 (up from 90% in 2013) and 74% planning to travel abroad, compared to just 60% last year.

Japanese arrivals surge in Q1 Return to Headlines

According to data from the Japan National Tourism Organization (JNTO), the country welcomed 1.05 million visitors last month, up 22.6% year-on-year and breaking the previous record set in July 2013. The result boosted Japan’s first quarter tourism arrivals total to 2.87m, 27.5% more than in Q1 2013. The growth was driven by arrivals from China and Taiwan. Visitor numbers from Mainland China (+87.2% to 478,200), Taiwan (+45.8% to 596,600) and Hong Kong (+30.9% to 192,600) all saw strong double-digit growth, as did Thailand (+64.0% to 132,600), which was boosted by Japan’s recent visa waiver scheme for Thai nationals.

Sheraton Grande Sukhumvit unveils revamped rooms Return to Headlines

The Sheraton Grande Sukhumvit hotel, which forms part of Starwood’s Luxury Collection, has relaunched its Grande and Premier Rooms, with the Luxury Rooms and Luxury Suites to follow in a later phase. The rooms have been styled by Australian designer Diana Simpson, and furnished in a contemporary Thai style using wood and marble. The beds now feature gold-coloured headboards printed with Thai patterns, while rooms also feature local artworks and antiques, along with new drapes and carpets. The bathrooms feature separate bathtubs and large showers, while in-room amenities include 40-inch flat screen Samsung LED TVs with an IPTV option, a media hub with HDMi, Bluetooth and a USB ports, and high-speed internet.

AirAsia brings long-haul services to Thailand Return to Headlines

AirAsia X has launched a new regional subsidiary in Thailand. The new long-haul low-cost carrier was officially unveiled at an event in Bangkok on Tuesday (22 April 2014), with CEO Nadda Buranasiri announcing the airline’s first routes and in-flight products. Operating from its home base at Bangkok Don Mueang International Airport, Thai AirAsia X will start flying on 17 June 2014 with daily services to Seoul. It will then expand its operations with flights to the Japanese cities of Tokyo and Osaka commencing later in the year.

Absolute Share Price Performance, as at 25 April 2014
Closing Share Price as at 25 April 2014 17 April 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.80 8.71 1%
General Property Group 3.89 3.83 2%
Mirvac Group 1.75 1.76 -1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 30.75 30.00 2%
Dusit Thani Public Co Ltd 52.75 50.75 4%
The Erawan Group Public Co Ltd 3.86 3.90 -1%
Grande Asset Hotels and Property Public Co Ltd 1.61 1.54 5%
Laguna Resorts & Hotel Public Co Ltd 31.00 31.50 -2%
Minor International Public Co Ltd 24.50 24.50 -
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.20 15.53 -9%
BTG Hotels Group Co Ltd 15.40 14.54 6%
Jinling Hotel Corporation Ltd 8.65 9.28 -7%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co.,Ltd. 7.39 6.53 13%
Guangzhou Dong Fang Hotel Co Ltd 6.38 6.79 -6%
Shenzhen Century Plaza Hotel Co Ltd 4.60 4.77 -4%
Huazhu Hotels Group Ltd 22.02 23.91 -8%
Home Inns & Hotels Management Inc 30.13 32.98 -9%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.70 9.90 -2%
Regal Hotels International Holdings Ltd 4.49 4.50 -
Sino Hotels Holdings Ltd 2.63 2.64 -
The Hong Kong & Shanghai Hotels Ltd 11.28 10.88 4%
Shangri-La Asia Limited 12.90 12.96 -
Dorsett Hospitality International 1.39 1.43 -3%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 74.40 74.50 -
EIH (Oberoi Hotels & Resorts) 78.05 77.70 -
Hotel Leela Ventures 19.40 18.15 7%
Korea Exchange (KRW)
The Shilla 82,000 79,200 4%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.54 0.55 -2%
Ascendas Hospitality Trust 0.72 0.71 1%
Ascott Residence Trust 1.20 1.24 -3%
Banyan Tree Holdings Limited 0.63 0.63 -
CDL Hospitality Trusts 1.83 1.77 3%
Far East Hospitality Trust 0.88 0.89 -1%
Hotel Grand Central Ltd 1.20 1.20 -
Hotel Properties Ltd 3.83 3.75 2%
Mandarin Oriental International Ltd (US$) 1.84 1.83 1%
OUE Hospitality Trust 0.87 0.87 -
Shangri-La Asia Limited (HK$) 13.00 12.86 1%
Stamford Land Corporation Ltd 0.61 0.61 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 357.00 368.00 -3%
The Ambassador Hotel, Ltd 27.90 28.60 -2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 47,200 46,550 1%
Imperial Hotel, Ltd 2,300 2,229 3%
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Achin Khanna
HVS Shanghai
Henry Fang
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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