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CONSUMER CONFIDENCE REBOUNDS IN 2013Q1
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According to China Daily and Nielsen, consumer confidence in the first quarter rebounded to the highest level since the third quarter of 2010. "Instead of calling it a significant increase, we look at it as a 'back-to-normal' trend, as consumer optimism in both personal finances and purchase intentions suffered a huge decline in the fourth quarter of 2012, largely due to big fluctuations in the Chinese stock market," said Yan Xuan, president of Nielsen Greater China. Meanwhile, the consumer confidence index stood at 108 in the first quarter of 2013, unchanged from the previous quarter and 15 points higher than the global average.
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PLANNING
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CHINA PLANS URBANIZATION STEPS |
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According to China Daily, China's State Council has published guidelines on reforms for 2013. The document was drafted by the National Development and Reform Commission. It stressed the importance of deepening government institutional reform; further streamlining administration and innovating the delivery of public services. The guidelines also covered the reform of the livelihood security system, including medical insurance, social security, food and drug safety, and environmental protection. The government also hopes to draw up a detailed urbanization plan for the country by the end of this year. |
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TOURISM
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HONG KONG DISNEYLAND UNVEILS NEW ATTRACTION |
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According to China Daily, Mystic Manor, the final chapter of Hong Kong Disneyland's current expansion project officially opened recently, attracting large numbers of tourists. Featuring one of the most sophisticated systems ever built by Disney, the key attraction of Mystic Manor takes visitors through adventures of eccentric explorer and art collector Lord Henry Mystic, who invites guests to board the mystic magneto-electric carriage for a tour of his private museum located within his Victorian manor house. Besides Mystic Manor, there are also other mystic attractions like Garden of Wonders and Explorer's Club Restaurant. |
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HOTEL
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BANYAN TREE TIANJIN RIVERSIDE DEBUTS IN HISTORIC PORT CITY OF NORTHERN CHINA |
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According to Hospitality Net, opened in the historic yet vibrant city of Tianjin, Banyan Tree Tianjin Riverside sets a significant milestone as Banyan Tree's first luxury hotel in Northern China and the Group's tenth property in the country. Building on the group's unique urban resort concept, the 159-key property combines luxurious resort amenities and experiences with metropolitan living. Banyan Tree Tianjin Riverside, located on the east bank of the Hai River and overlooking the urban cityscape, provides easy access to Tianjin's historical and cultural heritage sites.
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RETAIL
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CHINESE ELECTRONICS STORE OPENS OUTLET ON ROOF OF THE WORLD |
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According to China Retail News, Suning will open its first electronics chain store in the Tibetan city of Lhasa on May 25, 2013. With the opening of this store, Suning will become the first Chinese nationwide retail chain operator to enter this autonomous region in western China. As the capital of the Tibet autonomous region, Lhasa is called “The Roof of the World”. By 2012, the population of Lhasa reached 560,000 and the annual retail sales of social consumer goods in the city were RMB8.8 billion. Of that total, RMB430 million were contributed by the home appliances market.
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INVESTMENT
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SWISSOTEL HOTELS & RESORTS CONTINUES EXPANSION IN CHINA WITH A NEW HOTEL IN XI’AN |
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According to Travel Blackboard, Swissôtel Hotels & Resorts has signed a new management contract with Shaanxi Puyu Industrial Co., Ltd for a 350 room hotel in Xi’an. Scheduled for completion in 2016, Swissôtel Xi’an will be nestled in the core business area in the Xi’an National Civil Aerospace Industrial Base within proximity to two Metro lines. The base is under construction and will be completed by 2016, expecting to attract over 300,000 residences and over 30 medium to large scale enterprises. Five kilometres away, the Qujiang New District is an important cultural and residential hub, also housing the Xi’an Qujiang International Conference & Exhibition Centre.
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Absolute Share Price Performance, as at 27 May 2013
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Closing Share Price as at |
27 May 2013
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20 May 2013
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% Change |
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China Shanghai Stock Exchange (RMB)
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Shanghai Jinjiang International Hotels Development
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13.28
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12.86
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3%
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Beijing Capital Tourism Co Ltd
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14.75
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13.91
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6%
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Jinling Hotel Corporation Ltd
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7.32
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7.00
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5%
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China Shenzhen Stock Exchange (RMB)
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Hunan Huatian Great Hotel Co Ltd
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4.51
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4.50
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0%
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Guangzhou Dong Fang Hotel Co Ltd
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6.54
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6.49
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1%
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Shenzhen Century Plaza Hotel Co Ltd
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4.14
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4.10
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1%
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NASDAQ (US$)
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China Lodging Group, Limited
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15.92
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15.51
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3%
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Home Inns & Hotels Management Inc
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28.92
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28.38
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2%
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Hong Kong Stock Exchange (HK$)
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Miramar Hotel & Investment Co Ltd
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10.84
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11.00
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-1%
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Regal Hotels International Holdings Ltd
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3.85
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3.68
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5%
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Sino Hotels Holdings Ltd
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2.75
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2.73
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1%
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The Hong Kong & Shanghai Hotels Ltd
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14.00
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13.76
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2%
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Shangri-La Asia Limited
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14.20
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14.50
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-2%
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Dorsett Hospitality International
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2.06
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2.03
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1%
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Taiwan Stock Exchange (NT$)
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Formosa International Hotels Corporation
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347.00
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336.00
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3%
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The Ambassador Hotel, Ltd
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29.50
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29.60
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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 or to share news with us, please feel free to contact HVS Shanghai.
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