HVS Asia Pacific Hospitality Newsletter - Week Ending 22 March 2019 (March 25, 2019)

Learn to Use Hotel Valuation Software from Steve Rushmore and the Glion Hotel School

Steve Rushmore- Founder of HVS, has launched an on-line training course: Hotel Market Analysis and Valuation Using Hotel Valuation Software. This software developed by Steve and HVS is designed to perform hotel market studies, forecasts of income and expense, and hotel valuations. Steve has partnered with the famous Glion Hotel School in Switzerland to produce the course which will quickly bring you up the learning curve to fully understand how the three software models work. Using a combination of videos, readings and interactive exercises with the actual software, you will be able to complete the course in your free time. The professors at Glion, along with the other students taking this course, will be available to answer your questions and help you finish the program. Upon completion, you can keep the software and you will receive a certificate from the Glion Hotel School which can be an important enhancement to your resume. If you enroll now, as a special gift from Steve - you will receive a 10% discount on this course by entering the Discount Code: HVSTEV10 during the enrollment process.

Click Here to watch a video describing the course.

If you have any questions about my course- contact me- Steve Rushmore- [email protected]
ENROLL NOW.

In Focus: Singapore, The Reinvention of Co-Living

In Focus: Singapore 2019 provides an overview of Singapore’s tourism landscape and hotel market performance, infrastructure development, reinvention of co-living, hotel transactions and investment in 2018 and outlook.
VIEW FULL STORY
 

Two New Cruise Piers and Five-Star Hotel to Open in Yokohama

Yokohama will welcome two new cruise piers, Daikoku and Shinko Piers, in April and November 2019 respectively, in order to better handle increased calls and bigger cruise ship. The five-story Shinko Pier, known as "Yokohama Pier 9", will span an area of 30,290 square metres on a site footprint of 17,700 square metres. The complex will feature dining, entertainment, and a five-star hotel to be operated by Yokohama Grand Intercontinental. The land adjacent to Shinko Pier will be developed into Hammerhead Park and Promenade. The opening of these two piers, in addition to the existing Osanbashi International Passenger Terminal, will propel Yokohama port to be the largest in Japan in terms of capacity with 400,000 cruise ship passengers to be anticipated annually. Approximately 20 minutes’ drive to Haneda Airport, Yokohama is the second largest city in Japan after Tokyo and is the most frequently visited Japanese port for English-speaking passengers. Currently, Yokohama port is surrounded by various retail and recreational components, including shopping centres, a convention centre, amusement park, several museums, parks and gardens.

Garuda Connects Jakarta and Nagoya with New Flight Offering

Garuda Indonesia’s (“Garuda”) new four-times weekly direct Jakarta-Nagoya route will encourage business travel between the two cities. Given that Jakarta, Indonesia’s key business and administration centre, is where many Japanese companies are headquartered, the new route is expected to boost investment and trade opportunities as well as attract more Japanese outbound travellers to Indonesia. Nagoya in Aichi Prefecture, Japan’s fourth largest city, is one of the busiest industrial cities in Japan. Starting 23rd March 2019, the route will be serviced by an Airbus A330 which offers 36 business class seats and 186 economy class seats. Garuda is the national airline of Indonesia and connects 83 destinations worldwide to various cities and exotic locations in Indonesia through more than 600 daily flights and a fleet of 196 aircrafts.

Millennium Hotels and Resorts Signs China Distribution Agreement with Ctrip

Singapore-based hospitality group, Millennium Hotels & Resorts (“MHR”), has announced the signing of its china distribution agreement with China-based integrated travel service company, Ctrip.com International, Ltd. (“Ctrip”), at ITB Berlin. Having recently launched the new My Millennium Guest Reward Program, the new agreement will allow Ctrip to develop a global distribution strategy promoting MHR properties to Ctrip’s 300 million strong customer base and also benefit from Ctrip’s influential ranking system. Ctrip will be able to market MHR’s portfolio of hotels in the USA, Europe, the Middle East, Asia, and Australasia to its China-based business and leisure clients. Both companies will work towards customer initiatives including the launching of a flagship store on Ctrip’s digital platforms, joint marketing campaigns as well as knowledge sharing and cross exposure programmes for team members. As of 2018, MHR’s portfolio consists of 139 properties with over 40,000 rooms, distributed across 28 nations.

Absolute Share Price Performance, as on 22 March 2019

Closing Share Price as at 22 March 2019 15 March 2019 % Change
Australia Stock Exchange (ASX)
Elanor Investors Group 1.75 1.70 2.9%
Event Hospitality & Entertainment Ltd 13.21 12.90 2.4%
General Property Group 6.12 6.15 -0.5%
Mirvac Group 2.74 2.75 -0.4%
Bangkok Stock Exchange (THB)
Central Plaza Hotel Public Co Ltd 42.75 43.50 -1.7%
Dusit Thani Public Co Ltd 10.50 10.50 0.0%
The Erawan Group Public Co Ltd 7.20 7.30 -1.4%
Grande Asset Hotels & Property Public Co Ltd 0.95 0.99 -4.0%
Laguna Resorts & Hotel Public Co Ltd 63.50 61.75 2.8%
Minor International Public Co Ltd 38.75 39.25 -1.3%
China Shanghai Stock Exchange (RMB)
Jinling Hotel Corporation Ltd 10.15 9.84 3.2%
China Shenzhen Stock Exchange (RMB)
Huatian Hotel Group Co Ltd 3.40 3.25 4.6%
Guangzhou Dong Fang Hotel Co Ltd 8.36 7.90 5.8%
NASDAQ (US$)
Huazhu Group Limited 39.73 36.12 10.0%
Hong Kong Stock Exchange (HK$)
Miramar Hotel & Investment Co Ltd 16.34 16.34 0.0%
Regal Hotels International Holdings Ltd 4.91 4.98 -1.4%
Sino Hotels Holdings Ltd 3.38 3.50 -3.4%
The Hong Kong & Shanghai Hotels Ltd 11.30 11.40 -0.9%
Shangri-La Asia Limited 11.18 11.14 0.4%
National Stock Exchange (INR)
IHCL (Taj Hotels, Resorts & Palaces) 148.0 150.0 -1.3%
EIH (Oberoi Hotels & Resorts) 189.5 205.0 -7.6%
Hotel Leela Ventures 12.1 11.0 10.0%
Korea Exchange (KRW)
The Shilla 93700 87300 7.3%
Singapore Stock Exchange (S$)
Amara Holdings Ltd 0.48 0.47 1.1%
Ascendas Hospitality Trust 0.88 0.88 -0.6%
Ascott Residence Trust 1.18 1.16 1.7%
Banyan Tree Holdings Limited 0.57 0.58 -0.9%
CDL Hospitality Trusts 1.63 1.64 -0.6%
Far East Hospitality Trust 0.66 0.66 0.0%
Frasers Hospitality Trust 0.73 0.73 0.7%
Hotel Grand Central Ltd 1.40 1.37 2.2%
Hotel Properties Ltd 3.70 3.72 -0.5%
Mandarin Oriental International Ltd (US$) 1.94 2.02 -4.0%
OUE Hospitality Trust 0.73 0.73 -0.7%
Stamford Land Corporation Ltd 0.50 0.51 -2.0%
Taiwan Stock Exchange (NT$)
Formosa International Hotels Corporation 138.0 138.0 0.0%
The Ambassador Hotel, Ltd 22.2 22.0 0.9%
Tokyo Stock Exchange (JPY)
Japan Hotel REIT Investment Corp. 88500 87100 1.6%
Imperial Hotel, Ltd 2020 2004 0.8%
Red Planet Japan Inc 14 15 -6.7%

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]
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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