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28 March 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Asian air traffic climbs in 2014
V Air to become Taiwan’s first LCC
China drives soaring tourist arrivals to Japan
Archipelago expands favehotel portfolio
Centara to launch in Laos
Ritz-Carlton to return to Australia
Absolute Share Price Performance, as at 28 March 2014
Asian air traffic climbs in 2014 Return to Headlines
Airlines based in the Asia Pacific region carried a total of 41 million international passengers in the first two months of 2014 – 7.4% more than the same period last year. This solid start to the year was revealed by the Association of Asia Pacific Airlines (AAPA), whose data confirmed that January’s strong start continued into February. Last month, 19.7m international passengers took to the skies in Asia, 4.6% up year-on-year, despite the fact that monthly results were impacted by the timing of Chinese New Year. Asian international load factors did slightly in February, however, falling 0.5 percentage points to 77.4%.

V Air to become Taiwan’s first LCC Return to Headlines

V Air was unveiled on 24 March 2014, along with the budget airline’s new corporate logo and aircraft livery. The new LCC will use the symbol of Taiwan’s native Formosan black bear, to be known as the ‘V Bear’, along with a bold blue name on a white background. Expected to launch later this year, V Air will initially operate a fleet of two or three Airbus A320 or A321 aircraft on flights within a flight radius of five hours. This will include destinations in Northeast and Southeast Asia, which the airline said are “popular travel destinations for Taiwanese”.

China drives soaring tourist arrivals to Japan Return to Headlines

International visitor arrivals to Japan soared in February, rising 21% year on year to 880,000 people. According to the Japanese National Tourism Organisation, travellers from China made up the bulk of arrivals as they journeyed overseas for Chinese Lunar New Year. Diplomatic strains over disputed island territories appeared to have no bearing on traveller choice as the number of Chinese arrivals grew by 71% on last year. Officials speculate they were drawn over by the weaker Japanese yen, much to the joy of business owners in Tokyo’s shopping and entertainment districts such as Shibuya and Roppongi Hills.

Archipelago expands favehotel portfolio Return to Headlines

Archipelago International is expanding its budget hospitality offering with the signing of three new favehotels in Indonesia. Located in Jakarta, the favehotel Cendrawasih will consist of 120 rooms and will be located close to the airport. The 100-room favehotel Daan Mogot will be located near the Ciputra Mall and will provide easy access to the Toll Highway. In Bali, favehotel Cokroaminoto will offer 120 rooms and will be located in the commercial district of Denpasar.

Centara to launch in Laos Return to Headlines

Set to open in 2017, the five-star Centara Grand Hotel Vientiane will be a new-build French colonial-style property located in the centre of the Lao capital. It is being developed by the Simuong Group at a cost of THB1.5 billion (US$46 million). Centara Grand Hotel Vientiane will have 200 rooms and a range of luxury facilities, including two restaurants, a spa, swimming pool, fitness centre and kids’ club. It will also offer meeting facilities, including a ballroom. Laos becomes the ninth country in Centara’s international portfolio, while the Centara Grand Hotel Vientiane will mark the company’s 20th luxury ‘Grand’ property.

Ritz-Carlton to return to Australia Return to Headlines

The luxury hotel group, which forms part of Marriott International, has penned an agreement with the Far East Consortium for the development of the brand new Ritz-Carlton Perth, in the new Elizabeth Quay area of the city. The new 204-room Ritz-Carlton Perth will be developed on the banks of the Swan River in Elizabeth Quay, which forms the centrepiece of Perth’s urban redevelopment plan. Work on the new hotel is expected to commence in 2015, and once complete the project will also include ground floor retail space, waterfront dining and a series of luxury apartments.

Absolute Share Price Performance, as at 28 March 2014
Closing Share Price as at 28 March 2014 21 March 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.61 8.61 -
General Property Group 3.63 3.71 -2%
Mirvac Group 1.67 1.72 -3%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 30.00 30.00 -
Dusit Thani Public Co Ltd 52.50 54.00 -3%
The Erawan Group Public Co Ltd 3.88 3.98 -3%
Grande Asset Hotels and Property Public Co Ltd 1.31 1.37 -4%
Laguna Resorts & Hotel Public Co Ltd 31.00 29.75 4%
Minor International Public Co Ltd 24.40 24.80 -2%
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.66 14.40 2%
BTG Hotels Group Co Ltd 13.66 13.50 1%
Jinling Hotel Corporation Ltd 8.42 8.53 -1%
China Shenzhen Stock Exchange (RMB)
Guangzhou Dong Fang Hotel Co Ltd 7.18 6.52 10%
Shenzhen Century Plaza Hotel Co Ltd 4.70 4.57 3%
Huazhu Hotels Group Ltd 23.68 23.13 2%
Home Inns & Hotels Management Inc 31.55 29.95 5%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.60 9.53 1%
Regal Hotels International Holdings Ltd 3.83 3.90 -2%
Sino Hotels Holdings Ltd 2.60 2.60 -
The Hong Kong & Shanghai Hotels Ltd 10.22 10.22 -
Shangri-La Asia Limited 12.40 11.80 5%
Dorsett Hospitality International 1.45 1.43 1%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 71.20 70.75 1%
EIH (Oberoi Hotels & Resorts) 74.30 62.80 18%
Hotel Leela Ventures 15.85 15.65 1%
Korea Exchange (KRW)
The Shilla 84,200 88,800 -5%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.53 0.52 2%
Ascendas Hospitality Trust 0.74 0.72 3%
Ascott Residence Trust 1.20 1.17 3%
Banyan Tree Holdings Limited 0.64 0.64 -
CDL Hospitality Trusts 1.65 1.62 2%
Far East Hospitality Trust 0.82 0.81 1%
Hotel Grand Central Ltd 1.13 1.14 -1%
Hotel Properties Ltd 2.98 3.00 -1%
Mandarin Oriental International Ltd (US$) 1.74 1.68 4%
OUE Hospitality Trust 0.85 0.83 2%
Shangri-La Asia Limited (HK$) 12.00 12.00 -
Stamford Land Corporation Ltd 0.58 0.58 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 356.00 353.00 1%
The Ambassador Hotel, Ltd 28.70 28.00 2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 47,000 46,950 -
Imperial Hotel, Ltd 2,165 2,120 2%
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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