Sunday, December 23, 2007

Boom year for hotels in Singapore

THE full rooms at the inns, from Geylang to Marina Bay, have been keeping hoteliers very busy - and jolly.

The year has been marked by the setting and breaking of record after record, and the numbers attest to their 'it has been the best year ever' chorus.

Strong tourism arrivals saw Singapore welcome its 10 millionth visitor on Saturday. Demand for rooms has been exceptionally high, with average occupancy in the high 80s percentage range throughout the year.

The shortage was so acute that travel agents had to put customers up in outlying areas such as Geylang because they could not get rooms downtown.

Three records have been set for average room rates. The highest, and most recent, was $219 in October.

The numbers for room revenues are even better.

The hotel industry's joy is palpable, given the doldrums not so long ago. The robust demand means hoteliers can raise rates without too much worry.

Meanwhile, things could get even better, as the data for last month and this month have yet to be released, said hotel analyst Chee Hok Yean, executive vice-president of Jones Lang LaSalle Hotels.

She expects room rates to head up by another 15 per cent to 20 per cent, and room occupancy to remain between 85 per cent and 90 per cent next year.

Already, Pan Pacific Singapore and Royal Plaza on Scotts are increasing room rates by 20 per cent to 25 per cent, while Orchard Hotel's are going up by about 10 per cent.

Meanwhile, new hotels are opening. The latest is St Regis Singapore, which welcomed its first guest on Saturday. The luxury hotel is charging $680 a night for its lowest-tiered rooms, and $10,000 a night for its presidential suite.

The opening of St Regis and 10 new hotels - adding some 1,700 rooms next year - should bring some slight relief to the room crunch, said Ms Caroline Leong, the Singapore Tourism Board's director of travel services and hospitality business.

Given the boom in the sector and with more hotels opening, competition for labour will be tighter. Hotels are keen to ensure staff loyalty, which translates into better pay and perks.

Hotels have yet to announce year-end bonuses, but indications are that it will be a fat cheque for many just before Chinese New Year.

Mandarin Oriental's Ms Gillera said: 'Our staff should be very very happy.'

  • Opening soonPark Hotel Clarke Quay: 355 rooms
  • The Crowne Plaza Changi Airport Hotel: 307 rooms
  • Capella Singapore: 193 rooms
  • NTUC Palawan Beach Resort: 200 rooms
  • Movenpick Treasure Resort: 118 rooms
  • Ascott Singapore@Raffles 152 rooms
  • Quincy Hotel: 108 rooms
  • Hotel at Carpenter Street: 42 rooms
  • Hotel at Jalan Kubor: 70 rooms
  • Hotel at Chin Swee Road: 133 rooms

业者与分析师: 2008年是酒店业黄金年

随着到访我国的旅客人数在今年屡创新高,酒店业在2007年里交出漂亮的成绩单,客房价格不但起了20%以上,平均住客率也超过80%。在本地酒店供不应求情况在明年预料将更为严重的背景下,业者和分析师对2008年的酒店业黄金年满心期待。

受本报询问的酒店业者表示,客房收费今年平均上涨了20%以上,位于乌节路和市区中央等黄金地段的酒店住客率更经常逼近100%。

如果到访旅客人数持续增加,业者预计,客房价格将继续在明年取得20%以上的增长,而在一级方程式大赛(F1)举行期间,客房价格更有可能暴涨一倍以上。

业者指出,拥有392个客房的凤凰大酒店(Hotel Phoenix)在今年8月结束营业重建,使供应紧缩的问题加剧。即使新开的瑞吉酒店(St Regis Hotel)以及The Link Hotel也无法弥补这个缺口。

为解决供应吃紧的问题,政府在今年下半年的售地计划(GLS)中推出四个酒店地段,并在明年上半年的售地计划中继续推出另外10幅酒店地段(包括8个在备售名单上的地段),可兴建至少5855个酒店客房。

明年客房将吃紧

尽管如此,业者和分析师表示远水救不了近火,大量新供应将从2009年以后才陆续登场,明年的短缺情况将相当严重。

此外,业者也反映说,大部分的酒店近年都积极进行翻新以及重组,以便迎合新一代客户的需求,同时提供更多样化的设施。许多客房不是被改为商店,就是扩建或打通改建成更大的客房,使得客房数量进一步减少。

文华东方国际(Mandarin Oriental)将在明年初大换妆,开始重新翻新文华购物廊(Mandarin Gallery)。新的文华购物廊将由现有的7万5000平方英尺,增加至拥有大约25万平方英尺,现有购物廊上方的两层酒店客房也将被改建成零售商店,零售商店将走高档路线。

除了文华东方国际外,据说,斜对面的皇冠太子酒店(Crown Prince Hotel)也有计划重新发展零售商店部分。

随着乌节路一带的零售商店的租金在今年取得将近20%的增长,而考虑到这将能带给酒店稳定收入,市场人士认为此举有远见,也相当明智。

另外,尽管国内税务局下月将调高本地酒店的房地产税,使酒店业者须缴付的房地产税将增加至少33%,但市场预计,这不会对酒店业者造成显著的影响,也不会削弱酒店的利润或可派发收入。业者反映说,客房价格的持续攀升将足以抵销税务上涨。

旅游局公布的数据显示,今年首10个月,我国总共迎来了848万名旅客,到访旅客人数和酒店收入也创新高。本地旅游业蓬勃,加上政府持续努力不懈地推动这个领域的发展,分析师看好酒店业股在明年将有良好的收益。星展唯高达(DBS Vickers)分析师就在最新发表的研究中,给予酒店业“加码”(吸购,overweight)的评级。

分析师指出,从2002年到2006年,我国的酒店客房数量几乎保持不变,而今年第四季里的新客房供应仅增添140个。虽然在2010年前预计将有9484上架,但明年推出市场的预计只有944个客房,大部分的客房将在2009和2010年才陆续登场,分析师因此认为,本地酒店业将在明年遇上供应和需求失衡的情况,预计本地客房住客率将从今年底的90.3%,在明年上升至93.4%的高峰。

虽然客房价格在供应短缺的推波助澜下节节攀升,平均客房价格从2002年的125.93元增加至去年的164.39元,但相比本区域大城市,即香港、上海、北京、东京、曼谷和悉尼等,我国的客房价格依然是最便宜的。

房价全年料增20%

根据分析师估计,今年上半年,我国酒店客房价格年比年平均上涨了19.5%,而今年的全年增长则将达到20%,而平均客房价格可达178.20元。展望未来,分析师估计,到了2010年,我国客房价格有望达到250.10元,相等于12%的每股可派发收入复合年增长率(CAGR)。

在本地上市的酒店业股当中,分析师尤其看好城市发展酒店服务信托(CDL Hospitality Trusts),建议投资者买入,目标价位为2.90元。同时,分析师也特别点出在今年第二季里增添121个客房的安国控股(Amara Holdings)。

此外,控制文雅酒店(Hotel Plaza)的华业集团(UOL)和旅店置业(HPL)也受分析师青睐,认为它们的交易价比重估后净资产值(RNAV)分别低了51%和28%。

No comments:

① 凡本网注明来源的文/图等作品均为转载稿,本网转载出于传递更多信息之目的,并不代表本网赞同其观点和对其真实性负责。
② 如因作品内容、版权和其它问题侵犯到了您的权益,请与我们 联系。
Disclaimer: The content provided on tonytan8888.blogspot.com is for informational purposes only; do not make any financial decisions based on its content. Financial decisions are personal, based on an individual's situation. Consult with a financial professional before making any financial decisions. tonytan8888.blogspot.com is not liable for your financial actions.