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4 April 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Starwood’s Aloft brand to debut in Australia
Thailand based Aspira Hospitality to launch new budget hotel brand
2014 Indonesian arrivals showing healthy levels of growth
Archipelago International to reach milestone 100 property mark by the end of 2014
Singapore’s Changi Airport initiates first connection to Central Asia
Best Western International to add Sri Lanka to list of represented countries
Absolute Share Price Performance, as at 4 April 2014
Starwood’s Aloft brand to debut in Australia Return to Headlines
Starwood Hotels and Resorts Worldwide has announced the introduction of the Aloft brand into the Australian market. Scheduled to open in late 2006, the Aloft Riverdale Perth will be located in Western Australia and will form part of a riverfront commercial and residential project just east of the central business district. The addition of this new property raises Starwood’s portfolio of hotels in Australia to 10 and to three in Perth, after the Four Points by Sheraton Perth and the Westin Perth, which is due to open in early 2017.

Thailand based Aspira Hospitality to launch new budget hotel brand Return to Headlines

Thailand’s Aspira Hospitality, the hotel group which already manages 11 hotels in Thailand under the iCheck and Aspira brands, has released plans to expand its existing brand portfolio. The new brand, dubbed the “Studio by iCheck”, will be marketed as a collection of budget chic hotels at the economy price level. The hotel will offer smaller rooms as compared to the rest of the brand but with comparable amenities. The first Studio by iCheck begun operation in Bangkok in April with the second property expected to commence in Krabi during the third quarter of 2014. Aspira Hospitality has ambitious plans to grow the brand over the new few years with 10 hotels already expected by year end 2015.

2014 Indonesian arrivals showing healthy levels of growth Return to Headlines

International tourist arrivals to Indonesia in January and February 2014 have increased strongly over the previous year. In an official statement by Mari Elka Pangestu, the minister of tourism and creative economy, visitor arrivals in Indonesia were 753,100 and 702,700 in January and February respectively. The combined total of these two months were representative on a 12.6% increase over 2013. Indonesia is targeting between 9.3 and 9.4 million foreign tourist arrivals for the year and if the performance of January and February are any indication, Indonesia is well on track to achieving this goal.

Archipelago International to reach milestone 100 property mark by the end of 2014 Return to Headlines

Indonesia based Archipelago International revealed their grand expansion plans at the recent Aston Fair Trade Show in Jakarta. Already Indonesia’s largest hotel management company, Archipelago said that the company’s portfolio will compromise of 80 properties by the end of the first quarter before increasing substantially to 100 properties by year’s end. The 20 additional properties will be operated under a mix of different brands including luxury level Grand Astons, upscale Astons, midscale Aston City and Quest Hotels and budget level hotels in the form of favehotel and NEO hotels. The new hotels will be situated across Indonesia in several major cities including Jakarta, Bandung, Surabaya, Solo, Malang, Yogyakarta, Bali, Balikpapan, Banjarmasin, Lombok and Kupang, as well as in Penang in Malaysia.

Singapore’s Changi Airport initiates first connection to Central Asia Return to Headlines

For the first time in its operational history, Singapore will now be directly connected to Central Asia via a new air route between Singapore’s Changi Airport and Tashkent International Airport in Uzbekistan. The new service will be run by Uzbekistan Airways, the national carrier of Uzbekistan, and will offer two flights weekly. The flights will be serviced by two 247-seat Boeing 767-300 aircrafts, with a brief stopover in Kuala Lumpur, Malaysia. Lim Ching Kiat, Changi Airport Group’s senior VP of market development stated that this new air bridge is a significant milestone and a reaffirmation of Singapore’s status as a key regional air hub linking Central Asia and the Asia Pacific region.

Best Western International to add Sri Lanka to list of represented countries Return to Headlines

With more than 4,000 hotels in operation worldwide, Best Western International is already one of the world’s largest hotel companies. It now sets its eyes on Sri Lanka for another wave of expansion opportunity. Best Western International in conjunction with local company Eylon Hotels, seek to spread the Best Western brand across one of Asia’s strongest emerging markets. The inaugural property will be the 60-room Best Western Elyon Colombo hotel, with hopes to develop an additional 400 rooms across four properties over the next three years and ultimately 700 rooms in five years. The new Sri Lankan hotel will join Best Western’s portfolio of about 200 hotels in Asia and the Middle East.

Absolute Share Price Performance, as at 4 April 2014
Closing Share Price as at 4 April 2014 28 March 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.70 8.61 1%
General Property Group 3.67 3.63 1%
Mirvac Group 1.70 1.67 2%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 31.50 30.00 5%
Dusit Thani Public Co Ltd 52.00 52.50 -1%
The Erawan Group Public Co Ltd 3.92 3.88 1%
Grande Asset Hotels and Property Public Co Ltd 1.38 1.31 5%
Laguna Resorts & Hotel Public Co Ltd 30.50 31.00 -2%
Minor International Public Co Ltd 24.50 24.40 -
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.51 14.66 -1%
BTG Hotels Group Co Ltd 14.32 13.80 4%
Jinling Hotel Corporation Ltd 8.72 8.42 4%
China Shenzhen Stock Exchange (RMB)
Guangzhou Dong Fang Hotel Co Ltd 6.98 7.18 -3%
Shenzhen Century Plaza Hotel Co Ltd 5.25 4.70 12%
Huazhu Hotels Group Ltd 23.67 23.68 -
Home Inns & Hotels Management Inc 31.88 31.55 1%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.85 9.60 3%
Regal Hotels International Holdings Ltd 4.14 3.83 8%
Sino Hotels Holdings Ltd 2.65 2.60 2%
The Hong Kong & Shanghai Hotels Ltd 11.02 10.22 8%
Shangri-La Asia Limited 12.82 12.40 3%
Dorsett Hospitality International 1.48 1.45 2%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 75.10 71.20 5%
EIH (Oberoi Hotels & Resorts) 70.35 74.30 -5%
Hotel Leela Ventures 16.60 15.85 5%
Korea Exchange (KRW)
The Shilla 88,200 84,200 5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.52 0.53 -2%
Ascendas Hospitality Trust 0.69 0.74 -7%
Ascott Residence Trust 1.23 1.20 3%
Banyan Tree Holdings Limited 0.64 0.64 -
CDL Hospitality Trusts 1.70 1.65 3%
Far East Hospitality Trust 0.85 0.82 4%
Hotel Grand Central Ltd 1.13 1.13 -
Hotel Properties Ltd 3.01 2.98 1%
Mandarin Oriental International Ltd (US$) 1.80 1.74 3%
OUE Hospitality Trust 0.86 0.85 1%
Shangri-La Asia Limited (HK$) 12.66 12.00 5%
Stamford Land Corporation Ltd 0.60 0.58 3%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 370.00 356.00 4%
The Ambassador Hotel, Ltd 28.65 28.70 -
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 48,000 47,000 2%
Imperial Hotel, Ltd 2,323 2,165 7%
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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