The Hotel Valuation Index analyses economic as well as hotel-market specific demand and supply dynamics to derive indicative values and future growth trends for the top 15 hotel markets in 8 countries in the Asia Pacific Region.
To view our HVI website, please click here.
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Japan-based Daisho Development has acquired the W hotel in Melbourne’s CBD, the hotel component of Australia-based Cbus Property's AUD1.25 billion Collins Arch development, for an undisclosed price. Situated at 408 Flinders Lane, W Melbourne comprises 294 rooms across 15 levels and is scheduled to open in December 2020. The surrounding mixed-use development also includes 184 apartments and 49,000 square-metre of office space. Out of the 294 units, the luxury hotel will feature 29 suites, including four spacious WOW Suites, a signature restaurant for only 30 diners and a private dining room for ten, state-of-the-art fitness facility and a gold-roof adorned indoor pool with poolside bar and disk jockey booth, and approximately 830 square-metre of ultra-modern conference and event space.
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The Bellinzona Resort in Daylesford, Victoria, has been acquired by local operators, Tony De Marco and Theresa Albioli, for an undisclosed sum. The acquisition has added to their portfolio of 65 owned and managed properties throughout the Daylesford area. In a statement, they have revealed plans to embark on a multi-million-dollar refurbishment of the venue. The property is situated on a site area of 9,739 square metres in the heart of Australia’s spa capital. It features 43 guest rooms, a large conference and events component, restaurant, cellar door wine bar, indoor heated pool, spa, sauna and guest lounges. Originally built in 1903, The Bellinzona Resort has since undergone several modifications, renovations and two rebuilds due to fire over its long history.
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The Ministry of Culture, Sports and Tourism in South Korea has launched the 2020 Open Tourism Project, involving the revamp of 23 tourist attractions to help boost domestic tourism post-COVID. The revamp is targeted to provide a greater degree of space, and primarily aims to benefit the disabled and elderly, as well as families with babies. Culture Minister, Park Yang-woo, has revealed a grant of USD206,000, an increase from the initial USD130,000, to support the revamp of each sites, including the renovation of public toilet facilities. The domestic sites to be revamped includes those in Gyeonggido Province, Jeju Island, Gangwondo Province and Gyeongsangnam-do Province. In addition, tourism businesses in these regions will receive customised consulting sessions, training courses for workers, as well as assistance for marketing efforts. Yeonmudae, Janganmun and Hwaseong Haenggung located in Suwon, Gyeonggido Province are also included in the project. The city decided to invest more than USD1.5 million for the revamp. The sum includes USD620,800 in state funds, equivalent to USD206,000 per site, and USD931,000 in municipal funds. In addition, access to restrooms, rest facilities, parking lots and lodging facilities will also be improved.
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Thailand Convention and Exhibition Bureau (“TCEB”) has announced the one-billion-baht budget to boost the MICE industry by stimulating the domestic market, bidding for international business events in line with key strategic economic sectors and improving the recognition of the country's high hygiene standard. The budget will be complementing with the cabinet’s approval of THB22.4 billion package to support tourism and related sectors. TCEB is currently increasing support fund for each domestic meeting and adjusting the support criteria. To qualify for the support, the event venue must be located in other destination than the corporate headquarters’ site. Currently, TCEB is working closely with Ministry of Public Health to support the adoption of MICE Venue Hygiene Guidelines for each venue operators in order to gain MICE clients’ trust. Presently, 207 venues in Thailand have participated in the COVID-19 Free Meeting project from TCEB. Under this project, all tools and equipment required for health protocol will be subsidised by TCEB.
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Closing Share Price as at |
26 June 2020 |
19 June 2020 |
% Change |
Australia Stock Exchange (ASX) |
Elanor Investors Group |
1.20 |
1.22 |
-1.6% |
Event Hospitality & Entertainment Ltd |
8.40 |
8.85 |
-5.1% |
General Property Group |
4.32 |
4.47 |
-3.4% |
Mirvac Group |
2.26 |
2.34 |
-3.4% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
22.70 |
25.50 |
-11.0% |
Dusit Thani Public Co Ltd |
7.35 |
7.65 |
-3.9% |
The Erawan Group Public Co Ltd |
3.80 |
4.14 |
-8.2% |
Grande Asset Hotels & Property Public Co Ltd |
0.56 |
0.61 |
-8.2% |
Laguna Resorts & Hotel Public Co Ltd |
36.00 |
36.50 |
-1.4% |
Minor International Public Co Ltd |
20.30 |
22.80 |
-11.0% |
S Hotels and Resorts Public Company Limited |
2.12 |
2.28 |
-7.0% |
China Shanghai Stock Exchange (RMB) |
Jinling Hotel Corporation Ltd |
7.62 |
7.66 |
-0.5% |
China Shenzhen Stock Exchange (RMB) |
Huatian Hotel Group Co.,Ltd. |
3.37 |
3.42 |
-1.5% |
Guangzhou Dong Fang Hotel Co Ltd |
6.18 |
6.13 |
0.8% |
NASDAQ (US$) |
Huazhu Group Limited |
36.43 |
36.14 |
0.8% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
13.88 |
13.68 |
1.5% |
Regal Hotels International Holdings Ltd |
3.09 |
3.10 |
-0.3% |
Sino Hotels Holdings Ltd |
2.50 |
2.51 |
-0.4% |
The Hong Kong & Shanghai Hotels Ltd |
6.97 |
7.04 |
-1.0% |
Shangri-La Asia Limited |
6.30 |
6.56 |
-4.0% |
National Stock Exchange (INR) |
Chalet Hotels Ltd |
136.25 |
133.85 |
1.8% |
IHCL (Taj Hotels, Resorts & Palaces) |
82.1 |
80.6 |
1.9% |
EIH (Oberoi Hotels & Resorts) |
66.8 |
68.2 |
-2.1% |
Hotel Leela Ventures |
5.4 |
5.7 |
-6.1% |
Lemon Tree Hotels Ltd |
24.4 |
26.1 |
-6.5% |
Korea Exchange (KRW) |
The Shilla |
68500 |
72000 |
-4.9% |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.36 |
0.37 |
-4.1% |
ARA Htrust (US$) |
0.40 |
0.42 |
-4.8% |
Ascott Residence Trust |
1.02 |
1.06 |
-3.8% |
Banyan Tree Holdings Limited |
0.25 |
0.25 |
0.0% |
CDL Hospitality Trusts |
1.04 |
1.15 |
-9.6% |
Eagle Htrust |
0.14 |
0.14 |
0.0% |
Far East Hospitality Trust |
0.51 |
0.55 |
-6.4% |
Frasers Hospitality Trust |
0.47 |
0.50 |
-5.1% |
Hotel Grand Central Ltd |
0.96 |
0.97 |
-0.5% |
Hotel Properties Ltd |
3.13 |
3.20 |
-2.2% |
Mandarin Oriental International Ltd (US$) |
1.47 |
1.47 |
0.0% |
Stamford Land Corporation Ltd |
0.36 |
0.36 |
0.0% |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
148.0 |
153.0 |
-3.3% |
The Ambassador Hotel, Ltd |
28.1 |
27.9 |
0.5% |
Tokyo Stock Exchange (JPY) |
Japan Hotel REIT Investment Corp. |
47900 |
48000 |
-0.2% |
Imperial Hotel, Ltd |
1808 |
1825 |
-0.9% |
Red Planet Japan Inc |
77 |
75 |
2.7% |
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