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HVS Executive Search selected as the Global Senior Management Executive Search provider for The Leading Hotels of the World (LHW)
Luxury hotel collection enters preferred vendor agreement with HVS Executive Search as the Global Senior Management Executive Search provider.
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PGIM Real Estate to Acquire The Sheung Wan Hotel By Ovolo For HKD320 Million
PGIM Real Estate, the global real estate investment arm of US-based PGIM, has announced the acquisition of The Sheung Wan Hotel (“The hotel”) from Hong Kong-based boutique hotel and serviced apartment provider, Ovolo Group, for HKD320 million. Since March 2021, the 56-key hotel was being managed by Hong Kong-based co-living provider Dash Living. Located in close proximity to the Sheung Wan MTR station, the hotel has a gross floor area of 26,000 square feet, spanning across 24 storeys, featuring guest rooms, a gym, self-service laundry facilities, and a restaurant.
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Visa-Free Travel for Singapore and China Ordinary Passport Holders
Starting from 9 February 2024, Singapore and China ordinary passport holders will be able to enter each other’s country without a visa and stay for a maximum of 30 days. To date, Singaporeans can visit China, visa-free, only for a maximum of 15 days, while Chinese passport holders would require a visa to visit Singapore. It is expected for the mutual visa exemption arrangement to boost tourism between both countries, by facilitating ease of travel.
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Vietnam’s Pearl Island Uplifts with New Attractions and Experiences
Previously a sleepy fishing island, Phu Quoc has transformed into a vibrant destination with new tourism experiences, five-star resorts from leading hotel brands, and the introduction of major events and music festivals hosted at a new attraction “the Kiss Bridge”. The bridge features two 400-metre-long pathways that stretch out over the water and meet in the middle 30cm apart – so two lovers can lean for a kiss. Uniquely with the VUI-Fest Bazaar, it is the first night market by the sea concept in Vietnam. The bazaar hosts more than 40 stalls with street food, performances, and a variety of locally produced goods. VUI-Fest Bazaar is also an eco-friendly event with no single-use plastic bags or drinking straws. Alternatively, one can take a ride on the Hon Thom Cable Car, which travels almost 7.9km over the sea to Hon Thom Island, where visitors can find beaches, a nature park, and a water park with fun rides. Phu Quoc also has new luxury accommodations available, including the 197-key La Festa Phu Quoc, Curio Collection by Hilton, JW Marriott Phu Quoc Emerald Bay Resort, New World Phu Quoc Resort, Premier Residences Phu Quoc Emerald Bay, and Premier Village Phu Quoc.
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Cambodia’s APSARA National Authority Has Added a New Bicycle Bridge In The Angkor Area
Cambodia’s APSARA National Authority (ANA) has announced the addition of a new bicycle bridge, near the Ta Keo Temple, spanning 65-metres with a width of 2.5-metres. The addition of a new bridge comes under ANA’s initiative to enhance tourists’ cycling experience in the famed Angkor area. With cycling being a tourist favourite, there are currently more than 23-kilometres of bicycle paths, including four bridges, in the Angkor Archaeological Park area. ANA first began their bicycle route expansion initiative in 2020, with the goal of facilitating tourism by providing opportunities for tourists to explore Cambodia’s temples and local lifestyle conveniently.
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Absolute Share Price Performance, as of 26 January 2024 | |
| Closing Share Price | 26 January 2024 | 19 January 2024 | % Change | | |
| Australia Stock Exchange (ASX) | | |
| Elanor Investors Group | 1.32 | 1.36 | -3.3% | | Event Hospitality & Entertainment Ltd | 12.64 | 12.48 | 1.3% | | General Property Group | 4.41 | 4.36 | 1.1% | | Mirvac Group | 2.09 | 2.09 | 0.0% | | |
| Bangkok Stock Exchange (THB) | | |
| Central Plaza Hotel Public Co Ltd | 42.50 | 41.75 | 1.8% | | Dusit Thani Public Co Ltd | 8.30 | 8.40 | -1.2% | | The Erawan Group Public Co Ltd | 5.15 | 4.90 | 5.1% | | Grande Asset Hotels & Property Public Co Ltd | 0.14 | 0.15 | -6.7% | | Laguna Resorts & Hotel Public Co Ltd | 39.25 | 38.50 | 1.9% | | Minor International Public Co Ltd | 29.25 | 27.50 | 6.4% | | S Hotels and Resorts Public Company Limited | 2.40 | 2.30 | 4.3% | | |
| China Shanghai Stock Exchange (RMB) | | |
| Jinling Hotel Corporation Ltd | 7.87 | 8.19 | -3.9% | | |
| China Shenzhen Stock Exchange (RMB) | | |
| Huatian Hotel Group Co.,Ltd. | 3.98 | 4.44 | -10.4% | | Guangzhou Lingnan Group Holdings Company Limited | 8.83 | 9.08 | -2.8% | | |
| Huazhu Group Limited | 33.93 | 31.82 | 6.6% | | |
| Hong Kong Stock Exchange (HK$) | | |
| Miramar Hotel & Investment Co Ltd | 10.10 | 10.20 | -1.0% | | Regal Hotels International Holdings Ltd | 2.95 | 2.90 | 1.7% | | Sino Hotels Holdings Ltd | 1.78 | 1.80 | -1.1% | | The Hong Kong & Shanghai Hotels Ltd | 5.67 | 5.44 | 4.2% | | Shangri-La Asia Limited | 5.10 | 4.90 | 4.1% | | |
| National Stock Exchange (INR) | | |
| Chalet Hotels Ltd | 761.90 | 730.70 | 4.3% | | IHCL (Taj Hotels, Resorts & Palaces) | 473.60 | 479.10 | -1.1% | | EIH (Oberoi Hotels & Resorts) | 310.45 | 293.45 | 5.8% | | Hotel Leela Ventures | 36.15 | 29.50 | 22.5% | | Lemon Tree Hotels Ltd | 138.50 | 134.15 | 3.2% | | Mahindra Holidays & Resorts | 397.65 | 399.05 | -0.4% | | Royal Orchid Hotels | 351.70 | 333.85 | 5.3% | | SAMHI Hotels Limited | 182.65 | 184.45 | -1.0% | | |
| The Shilla | 60,100 | 57,500 | 4.5% | | |
| Singapore Stock Exchange (S$) | | |
| Amara Holdings Ltd | 0.59 | 0.51 | 14.7% | | ARA Htrust (US$) | 0.29 | 0.29 | 0.0% | | Ascott Residence Trust | 0.93 | 0.95 | -1.6% | | Banyan Tree Holdings Limited | 0.34 | 0.34 | 0.0% | | CDL Hospitality Trusts | 1.03 | 1.02 | 1.0% | | Far East Hospitality Trust | 0.65 | 0.63 | 2.4% | | Frasers Hospitality Trust | 0.46 | 0.48 | -3.2% | | Hotel Grand Central Ltd | 0.81 | 0.81 | 0.0% | | Hotel Properties Ltd | 3.56 | 3.59 | -0.8% | | Mandarin Oriental International Ltd (US$) | 1.50 | 1.52 | -1.3% | | Stamford Land Corporation Ltd | 0.40 | 0.40 | 0.0% | | |
| Taiwan Stock Exchange (NT$) | | |
| Formosa International Hotels Corporation | 212.50 | 208.00 | 2.2% | | The Ambassador Hotel, Ltd | 45.45 | 44.85 | 1.3% | | |
| Tokyo Stock Exchange (JPY) | | |
| Japan Hotel REIT Investment Corp. | 76,000 | 72,600 | 4.7% | | Imperial Hotel, Ltd | 1,022 | 990.00 | 3.2% | | Red Planet Japan Inc | 18.00 | 17.00 | 5.9% | | |
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