HVS Asia Pacific Hospitality Newsletter - Week Ending 6 September 2019 (September 9, 2019)

Investor Appetite for Singapore's Hotel Market to Stay Healthy

By Chee Hok Yean and Kok Xin
Outlook is bright with increase in tourist arrivals and initiatives to develop new attractions and rejuvenate existing ones. Singapore's hotel market is a tightly held market with limited stock for sale and with high demand. Investor appetite is expected to remain strong and prices firm.

To view the full press release, please click here.

HVS and BCLP Jointly Hosted the 2019 HVS Hotel Market Connections in Bangkok

HVS and Bryan Cave Leighton Paisner (BCLP) co-hosted HVS Hotel Market Connections 2019 on August 22, in Bangkok, Thailand.

To view the full press release, please click here.

HVS ANAROCK Launches HOPE in Bengaluru

The first-ever Hotel Overview Presentation & Exchange (HOPE) was organized by HVS ANAROCK in Bengaluru on August 30th in collaboration with Google, RateGain and Embassy Group. HOPE brought together several industry stalwarts for a dialogue on the current trends and challenges impacting the hospitality sector in India and more specifically Bengaluru. The event was well attended by CXO’s, General Managers and Corporate Leaders and was greatly appreciated for its content and execution.

iProsperity Group Acquires AccorInvest’s 23-Hotel Portfolio for AUD300 Million

Australia-based fund and investment management company, iProsperity Group (“iPG”) has acquired France-based AccorInvest Group’s 23-hotel portfolio with a combined 54,500 square metres of land for AUD300 million. The portfolio comprises of 17 real estate assets with 1,797 rooms and six lease interests with 1,249 rooms, located across Sydney, Melbourne, Canberra, Brisbane, Perth and several major regional cities. Out of the 17 owned properties, four are branded as ibis hotels while the other 13 are ibis Budget hotels. The six lease interests include The COMO Mgallery by Sofitel in Melbourne, the Novotel Brisbane, Mercure and ibis hotels in Brisbane, and the Mercure and ibis hotels in Perth. iPG controls other hotels in prime locations in major cities under the InterContinental, Crowne Plaza and Park Regis brands. Moving forward, it has plans to control AUD10 billion worth of Australian property.

VietJet Announces the Launch of Da Nang-Taipei Route from December This Year

Vietnam-based low-cost airline, VietJet Air (‘VietJet”) has announced the launch of a direct route connecting Da Nang, the coastal city in central Vietnam, with Taipei. Commencing from 19 December 2019, the Da Nang-Taipei route will run daily, serviced by the new and modern A320/A321 aircraft. Flights will depart from Da Nang at 10.50 am, arriving in Taipei at 2.30 pm while the return flight takes off from Taipei at 3.30 pm, arriving in Da Nang at 5.30 pm. The new route will connect passengers to and from Da Nang and Taipei, and vice versa, in approximately three hours. Currently, more than 3,000 passengers depart from Hanoi, Da Nang or Ho Chi Minh City to major cities in Taiwan such as Taipei, Taichung, Kaohsiung and Tainan on a daily basis. Going forward, the low-cost carrier will continue to launch new routes to improve connectivity from local provinces in Vietnam to other countries in the region.

Absolute Share Price Performance, as on 6 September 2019

Closing Share Price as at 6 September 2019 30 August 2019 % Change
Australia Stock Exchange (ASX)
Elanor Investors Group 2.27 2.38 -4.6%
Event Hospitality & Entertainment Ltd 12.50 12.87 -2.9%
General Property Group 6.28 6.39 -1.7%
Mirvac Group 3.07 3.19 -3.8%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 34.75 32.00 8.6%
Dusit Thani Public Co Ltd 9.85 9.65 2.1%
The Erawan Group Public Co Ltd 6.35 5.95 6.7%
Grande Asset Hotels & Property Public Co Ltd 0.92 0.77 19.5%
Laguna Resorts & Hotel Public Co Ltd 45.25 45.75 -1.1%
Minor International Public Co Ltd 39.75 38.00 4.6%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 10.36 10.51 -1.4%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 2.75 2.64 4.2%
Guangzhou Dong Fang Hotel Co Ltd 7.88 7.62 3.4%
Huazhu Group Limited 34.77 33.52 3.7%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 14.62 14.52 0.7%
Regal Hotels International Holdings Ltd 4.23 4.24 -0.2%
Sino Hotels Holdings Ltd 3.00 2.99 0.3%
The Hong Kong & Shanghai Hotels Ltd 7.83 8.30 -5.7%
Shangri-La Asia Limited 8.05 8.19 -1.7%
National Stock Exchange (INR)
Chalet Hotels Ltd 293.05 293.10 0.0%
IHCL (Taj Hotels, Resorts & Palaces) 132.0 138.9 -5.0%
EIH (Oberoi Hotels & Resorts) 157.5 159.5 -1.3%
Hotel Leela Ventures 7.0 6.9 1.5%
Lemon Tree Hotels Ltd 53.1 54.0 -1.8%
Korea Exchange (KRW)
The Shilla 82700 78800 4.9%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.47 0.47 0.0%
ARA HTrust  (US$) 0.83 0.85 -1.8%
Ascendas Hospitality Trust 1.07 1.08 -0.9%
Ascott Residence Trust 1.30 1.30 0.0%
Banyan Tree Holdings Limited 0.49 0.46 5.4%
CDL Hospitality Trusts 1.62 1.60 1.3%
Eagle HTrust 0.66 0.68 -3.0%
Far East Hospitality Trust 0.68 0.66 3.0%
Frasers Hospitality Trust 0.71 0.71 0.7%
Hotel Grand Central Ltd 1.28 1.28 0.0%
Hotel Properties Ltd 3.40 3.43 -0.9%
Mandarin Oriental International Ltd (US$) 1.42 1.39 2.2%
OUE Hospitality Trust 0.73 0.72 1.8%
Stamford Land Corporation Ltd 0.49 0.48 2.1%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 164.5 164.5 0.0%
The Ambassador Hotel, Ltd 21.5 21.5 0.2%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 82000 81800 0.2%
Imperial Hotel, Ltd 1999 2015 -0.8%
Red Planet Japan Inc 122 122 0.0%

For the latest in the hospitality industry, please visit: http://www.hvs.com/. You are also welcome to contact the following personnel.
Hok Yean Chee, Regional President – HVS Asia Pacific [email protected]
Mandeep S. Lamba, President, South Asia – HVS Anarock [email protected]
Daniel J Voellm, Managing Partner – HVS Hong Kong [email protected]
Mei Leng Ho, Senior Vice President – HVS Singapore [email protected]
Paola Orneli Bock, Vice President – HVS Bangkok [email protected]
Steven Zhu, Vice President – HVS Shanghai [email protected]
Florian Kittler, Managing Director – HVS Executive Search Europe & Asia Pacific [email protected]

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