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24 January 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
HKIA celebrates record year
PAL to launch new Tokyo service
Holiday Inn Express debuts in Jakarta
Mantra unveils two more Australian hotels
U Hotels to launch in Bangkok
InterCon to debut in Bandung
Absolute Share Price Performance, as at 24 January 2014
HKIA celebrates record year Return to Headlines
Hong Kong International Airport (HKIA) set new annual records for passenger traffic and aircraft movements in 2013. Over the 12-month period, HKIA handled more than 59.9 million passengers and 372,040 aircraft movements, representing annual growth of 6.1% and 5.8% respectively. The total of 32,830 flight movements in December 2013 also broke the monthly record, previously set in August 2013. HKIA also broke new annual records for cross-boundary traffic in 2013. Approximately 2.67m passengers made use of the airport SkyPier ferry terminal, up 2.8% year-on-year, while almost 2m passengers hired limousine and coach services to travel between HKIA and mainland China, up 3% year-on-year.

PAL to launch new Tokyo service Return to Headlines

Philippine Airlines (PAL) will launch a new service to Tokyo Haneda Airport this summer. Commencing on 30 March 2014, the national carrier will operate twice daily flights to the Japanese hub, using its Airbus A340 aircraft. The new service will complement PAL’s existing three flights per day to Tokyo Narita Airport, for a total of five daily flights between Manila and Tokyo. Haneda becomes PAL’s fifth gateway in Japan, following Narita, Fukuoka, Osaka and Nagoya, and the new flights will boost the airline’s total Japanese capacity to 47 flights a week.

Holiday Inn Express debuts in Jakarta Return to Headlines

InterContinental Hotels Group (IHG) has opened its first Holiday Inn Express in Jakarta. The new-build Holiday Inn Express Jakarta Thamrin is located in the centre of the Indonesian capital and features 101 rooms, free Wi-Fi, a self-service laundry and ‘grab and go’ breakfast. The new property becomes the second Holiday Inn Express in Indonesia, but IHG plans to expand the budget brand to a further three locations in the country in the coming months, with the opening of the Holiday Inn Express Bali Kuta Square, Holiday Inn Express Bali Raya Kuta and Holiday Inn Express Jakarta Pluit Citygate.

Mantra unveils two more Australian hotels Return to Headlines

Mantra Group is continuing to expand in Australia with plans for two new properties in Queensland. The hotelier will rebrand a hotel in Brisbane under its midscale BreakFree brand, while the northern city of Townsville will see the opening of a new-built upscale Mantra-branded hotel. The BreakFree Fortitude Valley Brisbane will open in March 2014, offering a range of studio, one-, two- and three-bedroom apartments, plus a swimming pool, barbeque area and gymnasium. In Townsville, the brand new 185-room Mantra Townsville hotel is expected to open in 2016, as part of new leisure precinct planned for the city’s CBD. It will offer a pool, gym and spa, plus extensive conference and banqueting facilities.

U Hotels to launch in BangkokCity Return to Headlines

U Hotels, the upscale brand from Absolute Hotel Services (AHS), has announced plans to launch its first property in Bangkok. Due to welcome its first guests on 1 March 2014, the U Sukhumvit Bangkok will be located on Sukhumvit Soi 15, in the centre of the Thai capital. The hotel will feature 82 rooms, designed to represent the four regions of Thailand, along with facilities including a restaurant, rooftop infinity-edged swimming pool, fitness centre, library and business centre. As with all U Hotels, guests will be offered free Wi-Fi, 24-hour room rental from the time they check-in, free breakfast at any time of day, and pre-selected pillows, soap, tea and music.

InterCon to debut in Bandung Return to Headlines

IHG has unveiled plans to bring its luxury InterContinental hotel brand to the Indonesian city of Bandung. Set to open later this year, the 204-room and 19-villa InterContinental Bandung Dago Pakar will be located in the upscale Dago neighbourhood of the city, overlooking the 18-hole Mountain View Golf Course. It will form part of a mixed-use development, approximately 3km from Bandung city centre. Facilities at the hotel will include two restaurants, a spa and one of the largest ballrooms in Bandung.

Absolute Share Price Performance, as at 24 January 2014
Closing Share Price as at 24 January 2014 17 January 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.11 8.12 -
General Property Group 3.57 3.65 -2%
Mirvac Group 1.70 1.75 -3%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 27.00 28.75 -6%
Dusit Thani Public Co Ltd - - -
The Erawan Group Public Co Ltd 3.32 3.36 -1%
Grande Asset Hotels and Property Public Co Ltd 1.08 1.05 3%
Laguna Resorts & Hotel Public Co Ltd 25.00 25.50 -2%
Minor International Public Co Ltd 21.90 21.50 2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 15.20 14.93 2%
BTG Hotels Group Co Ltd - - -
Jinling Hotel Corporation Ltd 8.06 7.83 3%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd 7.39 6.53 13%
Guangzhou Dong Fang Hotel Co Ltd 5.96 5.65 5%
Shenzhen Century Plaza Hotel Co Ltd 4.10 3.76 9%
Huazhu Hotels Group Ltd 26.66 30.00 -11%
Home Inns & Hotels Management Inc 35.42 40.28 -12%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.85 9.84 -
Regal Hotels International Holdings Ltd 4.40 4.79 -8%
Sino Hotels Holdings Ltd 2.70 2.70 -
The Hong Kong & Shanghai Hotels Ltd 11.06 10.78 3%
Shangri-La Asia Limited 13.22 14.70 -10%
Dorsett Hospitality International 1.49 1.56 -4%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 59.80 58.00 3%
EIH (Oberoi Hotels & Resorts) 56.60 57.50 -2%
Hotel Leela Ventures 15.65 15.85 -1%
Korea Exchange (KRW)
The Shilla 75,000 76,800 -2%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.53 0.54 -2%
Ascendas Hospitality Trust 0.72 0.73 -1%
Ascott Residence Trust 1.22 1.23 -1%
Banyan Tree Holdings Limited 0.66 0.64 3%
CDL Hospitality Trusts 1.60 1.62 -1%
Far East Hospitality Trust 0.81 0.82 -1%
Hotel Grand Central Ltd 1.07 1.07 -
Hotel Properties Ltd 3.00 3.09 -3%
Mandarin Oriental International Ltd (US$) 1.70 1.70 -
OUE Hospitality Trust 0.88 0.88 -
Shangri-La Asia Limited (HK$) 13.60 14.46 -6%
Stamford Land Corporation Ltd 0.58 0.58 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 336.00 334.00 1%
The Ambassador Hotel, Ltd 29.30 29.45 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 49,100 49,650 -1%
Imperial Hotel, Ltd 2,332 2,280 2%
Return to Headlines
HVS Beijing
Annie Wang
HVS Hong Kong
Daniel Voellm
HVS Guangzhou
Tony Tao
HVS New Delhi
Achin Khanna
HVS Shanghai
Annie Wang
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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