|
HVS Monday Musings: Indian Hotel Sector – the New Norm in the Indian Hotel Sector?
By Mandeep S Lamba and Dipti Mohan
In the last few years, international and domestic hotel chains have launched soft brands in the Indian hotel market, giving owners more flexibility in design and other brand standards. Read on to know more.
To view and download the full article, please click here.
| |
|
Oscar Groups Acquired West Waters Hotel in Melbourne
Australia-based Oscars Hotels has acquired the West Waters Hotel and Entertainment Complex (“West Waters”) in Melbourne Caroline Springs at an undisclosed sum. The West Waters consists of a 98-key Mercure Melbourne Caroline Springs (“MMCS”), three food and beverage outlets, meeting and function rooms, and other entertainment facilities. The MMCS shared the three food and beverage outlets with West Waters, and features an indoor pool, a fitness centre, seven meeting rooms, an indoor playground, and an on-site car park with 150 lots. Accor will continue to manage the hotel under the Mercure brand, and West Waters will operate as usual while Oscars Hotels gets a better understanding of the Melbourne market and the business itself.
| |
|
Far East Hospitality to Open First Vibe and Adina Hospitality Brands in Singapore
Singapore-based Far East Hospitality (“FEH”) has announced to bring in Vibe and Adina brands to Singapore. The Adina Serviced Apartment Singapore Orchard (“ASASO”) will be replacing the former Regency House in July 2022. The 88-key property will be situated between Penang Road and Oxley Rise Road, within proximity to the Orchard Shopping District. The Vibe Hotel Singapore Orchard ("VHSO") will be replacing the former Elizabeth Hotel by FEH in the last quarter of 2022. VHSO will be featuring 256 guest rooms and an Australian sports bar. The Chief Executive Officer of FEH, Arthur Kiong, envisioned that VHSO will be a place of gathering for the Australian market in Singapore, where there will be up to 30,000 Australian expatriates in Singapore. Both properties aim to convey the “contemporary Australian hospitality”.
| |
|
Dash Living to Open Two Co-living Properties in Singapore
Hong Kong-based Dash Living (“DL”) has announced to open two Co-living properties in Singapore, Dash Living on Mackenzie (“DLOM”) and Dash Living on Kinta (“DLOK”). DLOM features 40 ensuite units, a social lounge, pay-per-use laundrette services, an outdoor kitchenette, and a rooftop area. DLOM will be located near Little India MRT Station. DLOK features 30 ensuite studio and two-bedroom units, a rooftop garden with a plunge pool and other facilities. The founder and Chief Executive Officer of DL mentioned that opening the first standalone property in Singapore demonstrates the company's commitment to the market. Additionally, DL has achieved a 95% occupancy rate in 2021, which shows an increasing demand in the Singapore rental market.
| |
|
Philippine Department of Tourism to Reopen 50-year Mount Data Hotel in Bauko
The Philippine Department of Tourism (“PDOT”) will reopen the 50-year Mount Data Hotel (“MDH”) in Bauko this month to kickstart sustainable tourism within the region. During the pandemic, PDOT spent up to PHP40 million (approximately USD754,091) on the renovation and marketing of MDH. The 24-key property that features two conference rooms, a restaurant, a lounge, and a sun terrace is strategically located in between Baguio City and the UNESCO World Heritage-listed Cordillera rice terraces. Situated 2,195 kilometres above sea level and within a 7.7-hectare pine tree plantation and vegetation, MDH enjoys chilly weather all year round. Mount Data was built by the Tourism Infrastructure and Enterprise Zone Authority (“TIEZA”) in 1960 to promote tourism and is known as the venue of the signing of Mount Data peace accord.
| |
Absolute Share Price Performance, as of 20 May 2022 | |
| Closing Share Price | 20 May 2022 | 13 May 2022 | % Change | | |
| Australia Stock Exchange (ASX) | | |
| Elanor Investors Group | 1.96 | 1.97 | -0.5%
| | Event Hospitality & Entertainment Ltd | 14.79 | 14.85 | -0.4%
| | General Property Group | 4.77 | 4.71 | 1.3%
| | Mirvac Group | 2.15 | 2.21 | -2.7%
| | |
| Bangkok Stock Exchange (THB) | | |
| Central Plaza Hotel Public Co Ltd | 40.25 | 40.75 | -1.2%
| | Dusit Thani Public Co Ltd | 9.70 | 9.50 | 2.1%
| | The Erawan Group Public Co Ltd | 3.76 | 3.50 | 7.4%
| | Grande Asset Hotels & Property Public Co Ltd | 0.25 | 0.24 | 4.2%
| | Laguna Resorts & Hotel Public Co Ltd | 29.00 | 29.00 | 0.0%
| | Minor International Public Co Ltd | 33.75 | 32.00 | 5.5%
| | S Hotels and Resorts Public Company Limited | 4.08 | 3.88 | 5.2%
| | |
| China Shanghai Stock Exchange (RMB) | | |
| Jinling Hotel Corporation Ltd | 9.07 | 9.60 | -5.5%
| | |
| China Shenzhen Stock Exchange (RMB) | | |
| Huatian Hotel Group Co.,Ltd. | 3.63 | 3.53 | 2.8%
| | Guangzhou Lingnan Group Holdings Company Limited | 9.68 | 9.42 | 2.8%
| | |
| Huazhu Group Limited | 28.62 | 29.52 | -3.0%
| | |
| Hong Kong Stock Exchange (HK$) | | |
| Miramar Hotel & Investment Co Ltd | 13.20 | 12.32 | 7.1%
| | Regal Hotels International Holdings Ltd | 3.00 | 3.13 | -4.2%
| | Sino Hotels Holdings Ltd | 2.05 | 2.05 | 0.0%
| | The Hong Kong & Shanghai Hotels Ltd | 7.09 | 7.32 | -3.1%
| | Shangri-La Asia Limited | 5.55 | 5.62 | -1.2%
| | |
| National Stock Exchange (INR) | | |
| Chalet Hotels Ltd | 302.30 | 289.05 | 4.6%
| | IHCL (Taj Hotels, Resorts & Palaces) | 223.00 | 218.40 | 2.1%
| | EIH (Oberoi Hotels & Resorts) | 138.70 | 133.95 | 3.5%
| | Hotel Leela Ventures | 9.55 | 9.10 | 4.9%
| | Lemon Tree Hotels Ltd | 62.70 | 60.45 | 3.7%
| | |
| The Shilla | 74,000 | 76,000 | -2.6%
| | |
| Singapore Stock Exchange (S$) | | |
| Amara Holdings Ltd | 0.35 | 0.35 | -1.4%
| | ARA Htrust (US$) | 0.49 | 0.49 | 1.0%
| | Ascott Residence Trust | 1.12 | 1.12 | 0.0%
| | Banyan Tree Holdings Limited | 0.27 | 0.28 | -1.8%
| | CDL Hospitality Trusts | 1.27 | 1.27 | 0.0%
| | Eagle Htrust | 0.14 | 0.14 | na
| | Far East Hospitality Trust | 0.67 | 0.65 | 3.1%
| | Frasers Hospitality Trust | 0.60 | 0.61 | -0.8%
| | Hotel Grand Central Ltd | 1.02 | 1.01 | 1.0%
| | Hotel Properties Ltd | 3.54 | 3.49 | 1.4%
| | Mandarin Oriental International Ltd (US$) | 2.00 | 2.10 | -4.8%
| | Stamford Land Corporation Ltd | 0.39 | 0.39 | 0.0%
| | |
| Taiwan Stock Exchange (NT$) | | |
| Formosa International Hotels Corporation | 161.00 | 163.00 | -1.2%
| | The Ambassador Hotel, Ltd | 30.90 | 31.40 | -1.6%
| | |
| Tokyo Stock Exchange (JPY) | | |
| Japan Hotel REIT Investment Corp. | 67,100 | 66,500 | 0.9%
| | Imperial Hotel, Ltd | 1,798 | 1,802 | -0.2%
| | Red Planet Japan Inc | 54 | 52 | 3.8%
| | |
Superior Results through Unrivaled Hospitality Intelligence. Everywhere.
| |
|
Stay current. Click here to receive free HVS newsletters
Looking for insights into the hospitality industry?
Discover unique hospitality intelligence at hvs.com/publications
Interested in a particular market?
Find hundreds of market overviews, all written by HVS experts, at hvs.com/marketreviews
Like to be in the know on hotel trends and predictions?
See our Hotel Valuation Index for dozens of cities at hvi.hvs.com
HVS.com
| |
|
Copyrights © 2021 All Rights Reserved by HVS
Privacy Policy
Sent By: HVS Asia Pacific
If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.
| | | | |
