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Market Snapshot: Asia Pacific 2022

By Hok Yean Chee

The Market Snapshot: Asia Pacific 2022 highlights an overview of transaction activities in the region and presents 25 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.


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HVS Executive Search Appoints new Vice President and Director of Administration

By Florian Kittler

HVS Executive Search announced the appointment of Axel Stadler as Vice President to their office in Hong Kong and Sofie Otto as Director of Administration Europe & Asia Pacific under the leadership of Florian Kittler, Managing Director-Europe & Asia Pacific.

 

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Polaris Holdings Acquires Red Planet Hotel Philippines Business

Japan-based Polaris Holdings Co., Ltd. (“Polaris”) has entered into a definitive agreement to acquire 13 hotels with 2,208 rooms operating under the Thailand-based Red Planet Hotels, as well as two land sites for potential hotel development. Of the 13 hotels, two of them are fee simple comprised of land and building ownership, while 11 others are ground leased with building ownership. On the same week, Polaris has also announced the acquisition of the 245-key Red Planet The Fort that is slated to open in 2022 and the land leasehold rights for a potential development of a new hotel in Entertainment City for JPY1.2 billion. After the completion of the two acquisitions, Polaris and its subsidiaries will operate 45 hotels with 8,135 rooms.

Legoland Malaysia Resort Announces Enhancement Plans Amidst Tourist Revitalisation

In hopes of supporting the government’s continued effort for tourism revitalisation, LEGOLAND Malaysia Resort announced its new enhancement plans with additional theme park festive events and leisure activities. The 249-key Legoland Hotel will also undergo refurbishment on rooms with new themes and improved amenities that are expected to be completed by Q1 2023. The major enhancement plans will provide upcoming guests with new shades while browsing through iconic landmarks of LEGO builds from January 2023. LEGO Studio will create a 4D movie studio for an enhanced cinematic experience from Q3 2023. New events are in the pipeline as the first-ever water park festival will perform special shows and activities

Nobu Hospitality Will Open its First Hotel in Danang, Vietnam by 2025

US-based Nobu Hospitality will open its first Nobu Hotel, restaurant and residences in Vietnam in a beachfront resort destination in southern coastal Danang, in collarboration with the Vietnam-based Viet Capital Real Estate and Vietnam-based Phoenix Holdings. Situated along Danang’s beachfront on Vo Nguyen Giap Street, the Nobu Hotel will occupy the tallest building in the city with 200 guest rooms, multiple meeting and event spaces, and a wellness and fitness centre. It will also offer 271 residential units with one-, two-, and three- bedroom configurations, as well as two penthouse suites. The whole development is located on top of the Danang City Centre podium, which offers high-end retail shopping, multiple high-end food and beverage outlets, and a rooftop cocktail bar and lounge.

Absolute Share Price Performance, as of 12 August 2022

Closing Share Price

12 August 2022

05 August 2022

% Change

Australia Stock Exchange (ASX)

Elanor Investors Group

1.74

1.64

6.1%

Event Hospitality & Entertainment Ltd

14.20

14.12

0.6%

General Property Group

4.45

4.35

2.3%

Mirvac Group

2.14

2.09

2.4%

Bangkok Stock Exchange (THB)

Central Plaza Hotel Public Co Ltd

42.50

41.50

2.4%

Dusit Thani Public Co Ltd

11.10

10.80

2.8%

The Erawan Group Public Co Ltd

3.88

3.72

4.3%

Grande Asset Hotels & Property Public Co Ltd

0.22

0.22

0.0%

Laguna Resorts & Hotel Public Co Ltd

31.00

30.50

1.6%

Minor International Public Co Ltd

33.75

33.50

0.7%

S Hotels and Resorts Public Company Limited

4.20

3.94

6.6%

China Shanghai Stock Exchange (RMB)

Jinling Hotel Corporation Ltd

8.11

8.02

1.1%

China Shenzhen Stock Exchange (RMB)

Huatian Hotel Group Co.,Ltd.

3.92

3.94

-0.5%

Guangzhou Lingnan Group Holdings Company Limited

9.41

9.00

4.6%

NASDAQ (US$)

Huazhu Group Limited

39.33

39.76

-1.1%

Hong Kong Stock Exchange (HK$)

Miramar Hotel & Investment Co Ltd

13.30

13.18

0.9%

Regal Hotels International Holdings Ltd

3.17

3.18

-0.3%

Sino Hotels Holdings Ltd

1.80

1.94

-7.2%

The Hong Kong & Shanghai Hotels Ltd

7.29

7.12

2.4%

Shangri-La Asia Limited

6.33

6.45

-1.9%

National Stock Exchange (INR)

Chalet Hotels Ltd

333.00

324.00

2.8%

IHCL (Taj Hotels, Resorts & Palaces)

277.75

269.95

2.9%

EIH (Oberoi Hotels & Resorts)

154.85

156.00

-0.7%

Hotel Leela Ventures

9.70

9.25

4.9%

Lemon Tree Hotels Ltd

75.70

72.90

3.8%

Korea Exchange (KRW)

The Shilla

72,900

72,100

1.1%

Singapore Stock Exchange (S$)

Amara Holdings Ltd

0.34

0.35

-1.4%

ARA Htrust (US$)

0.47

0.46

3.3%

Ascott Residence Trust

1.18

1.16

1.7%

Banyan Tree Holdings Limited

0.30

0.29

1.7%

CDL Hospitality Trusts

1.29

1.30

-0.8%

Eagle Htrust

0.21

0.21

na

Far East Hospitality Trust

0.63

0.64

-0.8%

Frasers Hospitality Trust

0.70

0.70

0.0%

Hotel Grand Central Ltd

0.98

0.99

-0.5%

Hotel Properties Ltd

3.54

3.50

1.1%

Mandarin Oriental International Ltd (US$)

1.95

1.90

2.6%

Stamford Land Corporation Ltd

0.38

0.39

-2.6%

Taiwan Stock Exchange (NT$)

Formosa International Hotels Corporation

165.00

164.00

0.6%

The Ambassador Hotel, Ltd

33.15

33.05

0.3%

Tokyo Stock Exchange (JPY)

Japan Hotel REIT Investment Corp.

69,600

69,000

0.9%

Imperial Hotel, Ltd

1,813

1,818

-0.3%

Red Planet Japan Inc

52

52

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 hychee@hvs.com


Mandeep S. Lamba, President, South Asia – HVS Anarock mlamba@hvs.com


Mei Leng Ho, Senior Vice President – HVS Singapore mlho@hvs.com


Florian Kittler, Managing Director – HVS Executive Search Europe & Asia Pacific fkittler@hvs.com

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