Featured in this Asia Pacific Hospitality Newsletter |
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Pan Pacific Hotels Group (Pan Pacific) will open two new
properties in Zhejiang, China, by end-2011. Located within
the upcoming industrial and economic zone in Ningbo, the
400-room Pan Pacific Ningbo and 200-room Pan Pacific
Serviced Suites Ningbo will be developed as part of a
mixed-used development by Ningbo International Trade
Investment and Development Company Limited. With the opening
of these two new properties, Pan Pacific will increase its
portfolio in China to four properties. |
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According to the Tourism Authority of Thailand (TAT), Phuket
is expected to attract six million visitors in 2010, an
increase by approximately 9% from around 5.5 million visitor
arrivals in 2009. International visitor arrivals are
projected to reach around 4.5 million in 2010, an increase
of approximately 13% from the four million international
arrivals recorded in 2009. The TAT expects that the growing
number of direct regional flights will attract more visitors
from Australia, India, the Middle East and South Korea. |
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Millennium and Copthorne Hotels (M&C) has revealed plans to
introduce a budget property in Singapore. As there is demand
for budget accommodation, driven by the rise of low-cost
carriers, the Singapore government is helping to allocate
more sites suited for the development of budget hotels,
located out of the city centre. M&C intends to introduce the
group's budget hotels to regional destinations such as
Vietnam and China. |
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KOH Puos Investment Group (KPIG), funded by a group of Russian
investors, will invest more than US$1 billion to develop a
tourism and residential centre on a southern Cambodian island.
Located off the coast of Sihanoukville, this mixed-use
development will occupy the 120-hectare Koh Puos Island. The
mixed-use development, featuring hotels, a casino complex,
sports facilities, luxury residential villas and apartment
buildings, and extensive leisure attractions, will be carried
out in phases throughout 2016. |
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Baan Taling Ngam Resort, owned by Lehman Brothers Thailand,
has been sold to a Thai group for approximately US$23
million. The buyer is reportedly the Srivikorn family who
owns the Bangkok InterContinental Hotel. |
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Absolute Share Price Performance, as at
11 June 2010 |
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Closing Share Price as at |
11 June 2010 |
4 June 2010 |
% Change |
Australia Stock Exchange (ASX) |
Amalgamated Holdings Limited |
5.70 |
5.80 |
-2% |
General Property Group |
2.78 |
2.46 |
13% |
Mirvac Group |
1.38 |
1.31 |
5% |
Ocean Capital Limited |
0.25 |
0.25 |
– |
Thakral Holdings Group |
0.36 |
0.37 |
-3% |
Living and Leisure Australia Group |
0.019 |
0.018 |
6% |
Bangkok Stock Exchange (THB) |
Central Plaza Hotel Public Co Ltd |
3.88 |
3.98 |
-3% |
Dusit Thani Public Co Ltd |
29.00 |
27.50 |
5% |
The Erawan Group Public Co Ltd |
1.98 |
1.96 |
1% |
Grande Asset Hotels and Property Public Co Ltd |
1.18 |
1.20 |
-2% |
Laguna Resorts & Hotel Public Co Ltd |
40.00 |
40.50 |
-1% |
Minor International Public Co Ltd |
10.00 |
10.10 |
-1% |
China Shanghai Stock Exchange (RMB) |
Shanghai Jinjiang International Hotels Development |
21.46 |
20.73 |
4% |
Beijing Capital Tourism Co Ltd |
18.92 |
18.00 |
5% |
Jinling Hotel Corporation Ltd |
7.82 |
7.63 |
2% |
China Shenzhen Stock Exchange (RMB) |
Hunan Huatian Great Hotel Co Ltd |
10.15 |
9.54 |
6% |
Guangzhou Dong Fang Hotel Co Ltd |
9.71 |
10.17 |
-5% |
Shenzhen Century Plaza Hotel Co Ltd |
6.26 |
6.08 |
3% |
NASDAQ (US$) |
Home Inns & Hotels Management Inc |
39.14 |
36.84 |
6% |
Hong Kong Stock Exchange (HK$) |
Miramar Hotel & Investment Co Ltd |
7.60 |
7.70 |
-1% |
Regal Hotels International Holdings Ltd |
3.02 |
2.92 |
3% |
Sino Hotels Holdings Ltd |
2.30 |
2.30 |
– |
The Hong Kong & Shanghai Hotels Ltd |
12.44 |
12.58 |
-1% |
Korea Exchange (KRW) |
The Shilla |
21,600 |
21,600 |
– |
Singapore Stock Exchange (S$) |
Amara Holdings Ltd |
0.44 |
0.45 |
-2% |
ART Management Limited |
1.10 |
1.11 |
-1% |
Banyan Tree Holdings Limited |
0.82 |
0.82 |
– |
CDL HTrust |
1.74 |
1.71 |
2% |
Hotel Grand Central Ltd |
0.73 |
0.74 |
-1% |
Hotel Properties Ltd |
2.66 |
2.37 |
12% |
Mandarin Oriental International Ltd (US$) |
1.42 |
1.40 |
1% |
Pan Pacific Hotels Group Limited |
1.55 |
1.54 |
1% |
Shangri-La Asia Limited (HK$) |
13.60 |
13.40 |
1% |
Stamford Land Corporation Ltd |
0.50 |
0.50 |
– |
Taiwan Stock Exchange (NT$) |
Formosa International Hotels Corporation |
382 |
376 |
2% |
The Ambassador Hotel, Ltd |
36.45 |
36.65 |
-1% |
Tokyo Stock Exchange (JPY) |
Nippon Hotel Fund Investment Corporation |
194,800 |
198,600 |
-2% |
Japan Hotel and Resort Inc |
173,500 |
176,400 |
-2% |
Imperial Hotel, Ltd |
1,930 |
1,901 |
2% |
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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, please feel free to contact
HVS Singapore. |