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7 March 2014 Sign up to automatically receive HVS mailings
Featured in this Asia Pacific Hospitality Newsletter
Absolute Hotel Services Co to expand in the region
Swiss-Belhotel International announces 20 hotel openings in 2014.
Golden Palm Tree Iconic Resort & Spa rebranded to AVANI Sepang GoldCoast Resort
Air China launches Beijing-Washington nonstop service
Garuda Indonesia joins SkyTeam Alliance
Four Seasons introduces industry’s first fully customizable sleep experience
Absolute Share Price Performance, as at 7 March 2014
Absolute Hotel Services Co to expand in the region Return to Headlines
Absolute Hotel Services Co, a Thai hotel management firm that operates the brands U Hotels & Resorts, Eastin Hotels, Eastin Easy and Estin Residences will add 40 new hotels to its portfolio this year. At present, Absolute operates 22 hotels in Southeast Asia, India and the Middle East with 14 properties located in Thailand. Planning to acquire 20 properties in the next five years, the company will bring its portfolio size to more than 80 properties. Absolute is also expected to list on the London Stock Exchange.

Swiss-Belhotel International announces 20 hotel openings in 2014 Return to Headlines

Swiss-Belhotel International will strengthen its presence in the Asia Pacific and Middle East region with 2 hotel openings in Saudi Arabia and 18 in Indonesia. Swiss-Belhotel currently has more than 120 hotels, resorts and projects in its global portfolio and has properties in China, Vietnam, the Philippines, Malaysia, Australia, New Zealand, Kuwait, Qatar, Bahrain, Iraq, Oman and Saudi Arabia. In addition, it has scheduled hotel openings in Iraq, Bahrain, Indonesia, China, Vietnam, Philippines in 2015-2016.

Golden Palm Tree Iconic Resort & Spa rebranded to AVANI Sepang GoldCoast Resort Return to Headlines

AVANI Hotels & Resorts, an upscale brand launched by Minor Hotel Group in 2011 has added AVANI Sepang GoldCoast Resort in Malaysia as its fifth property. The resort is located in Selangor and is a 45 minutes drive from Kuala Lumpur International Airport. The resort has a distinctive design in the shape of a palm tree and has recently completed the first phase of a MYR 15 million refurbishmet program. It features 382 guest rooms, five restaurants and bars, a spa and an extensive selection of activities and a large ballroom.

Air China launches Beijing-Washington nonstop service Return to Headlines

Air China, a Star Alliance Member will commence its Beijing-Washington nonstop service on June 10, 2014. The service will run four-times a week on a B777-300ER aircraft on Mondays, Tuesdays, Thursdays and Saturdays. Washington will become the 7th North American destination that Air China serves alongside New York, Los Angeles, Hawaii, San Francisco, Houston and Vancouver.

Garuda Indonesia joins SkyTeam Alliance Return to Headlines

Garuda Indonesia will become the 20th member of SkyTeam and add Jakarta as an alternative gateway to and from South East Asia, as well as 40 new destinations to SkyTeam’s global network. Garuda flies to 64 destinations in 12 countries including 40 domestic destinations. In addition, the airline will boost SkyTeam’s presence in Australia with services to Brisbane, Melbourne, Perth and Sydney; and in Tokyo with flights to Narita and Haneda airports. A new route between Jakarta and London’s Gatwick airport is also expected in May this year.

Four Seasons introduces industry’s first fully customizable sleep experience Return to Headlines

Introducing The Four Seasons Bed – the first fully customizable hotel bed that was developed in partnership with leading bed manufacturer Simmons which lets users choose between three different levels of firmness. The bed will add to the overall guest experience and was developed after a survey conducted by Ipsos for Four Seasons found that 92% of respondents expressed distinct preferences on the firmness of their beds. The Four Seasons Bed is already in place in several locations in the US and will replace beds at all Four Seasons locations over the next few years.

Absolute Share Price Performance, as at 7 March 2014
Closing Share Price as at 7 March 2014 28 February 2014 % Change
Australia Stock Exchange (ASX)
Amalgamated Holdings Limited 8.50 8.38 1%
General Property Group 3.72 3.72 -
Mirvac Group 1.75 1.76 -1%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 32.00 30.25 6%
Dusit Thani Public Co Ltd 52.00 52.00 -
The Erawan Group Public Co Ltd 3.96 3.60 10%
Grande Asset Hotels and Property Public Co Ltd 1.21 1.12 8%
Laguna Resorts & Hotel Public Co Ltd 26.25 26.00 1%
Minor International Public Co Ltd 24.80 24.80 -
China Shanghai Stock Exchange (RMB)
Shanghai Jinjiang International Hotels Development 14.42 14.47 -
BTG Hotels Group Co Ltd - - -
Jinling Hotel Corporation Ltd 8.45 8.08 5%
China Shenzhen Stock Exchange (RMB)
Hunan Huatian Great Hotel Co Ltd - - -
Guangzhou Dong Fang Hotel Co Ltd 6.42 6.23 3%
Shenzhen Century Plaza Hotel Co Ltd 5.00 5.05 -1%
Huazhu Hotels Group Ltd 29.85 28.16 6%
Home Inns & Hotels Management Inc 37.56 37.47 -
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 9.76 9.63 1%
Regal Hotels International Holdings Ltd 3.88 3.85 1%
Sino Hotels Holdings Ltd 2.72 2.73 -
The Hong Kong & Shanghai Hotels Ltd 10.54 10.68 -1%
Shangri-La Asia Limited 12.90 12.96 -
Dorsett Hospitality International 1.55 1.53 1%
National Stock Exchange
IHCL (Taj Hotels, Resorts & Palaces) 71.25 69.20 3%
EIH (Oberoi Hotels & Resorts) 62.65 64.85 -3%
Hotel Leela Ventures 16.30 15.50 5%
Korea Exchange (KRW)
The Shilla 89,900 83,300 8%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.52 0.52 -
Ascendas Hospitality Trust 0.74 0.74 -
Ascott Residence Trust 1.18 1.15 3%
Banyan Tree Holdings Limited 0.63 0.62 2%
CDL Hospitality Trusts 1.61 1.63 -1%
Far East Hospitality Trust 0.81 0.77 5%
Hotel Grand Central Ltd 1.12 1.09 3%
Hotel Properties Ltd 3.00 2.98 1%
Mandarin Oriental International Ltd (US$) 1.70 1.69 1%
OUE Hospitality Trust 0.84 0.88 -5%
Shangri-La Asia Limited (HK$) 13.00 13.50 -4%
Stamford Land Corporation Ltd 0.58 0.58 -
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 343.00 340.00 1%
The Ambassador Hotel, Ltd 28.65 28.80 -1%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 50,200 49,900 1%
Imperial Hotel, Ltd 2,302 2,356 -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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