PARK Hotel Group has sold Park Hotel Clarke Quay to Ascendas Hospitality Trust (A-HTRUST) for S$300 million (US$241.9 million), but will continue to manage the hotel.

The two companies entered into a conditional sale and purchase agreement last week for the 336-room hotel.

However, the property will be leased to Park Hotel Group for an initial term of 10 years, with an option to extend for a further term of five years.

Park Hotel Group has been growing its management arm over the last year, having secured deals to manage two upcoming hotels in Singapore on behalf of third-party owners (TTG Asia e-Daily, December 4, 2012). Singapore’s The Business Times also reported that buyers are being sought for the group’s two remaining hotels in Singapore and its property in Hong Kong.

Allen Law, CEO, Park Hotel Group, said: “Park Hotel Clarke Quay’s strategic location, superior brand positioning, and efficient management has resulted in a strong operational performance. The sale underpins the strong investor demand and appeal that exists for quality assets with strong stabilised cash flow.”

The sale also marks A-HTRUST’s maiden venture into the Singapore hospitality scene. Tan Juay Hiang, CEO, A-HTRUST, said: “We are excited to add Park Hotel Clarke Quay, a high-quality and award-winning hotel, to A-HTRUST’s stable of properties. This marks our first foray into the Singapore hospitality market as we capitalise on the continued growth of Singapore’s tourism industry.”

SCOOT has announced its 11^th destination and fourth Chinese city – Nanjing – with thrice-weekly direct flights kicking off from June 3.

Subject to government approval, flights will depart Singapore on Mondays, Thursdays and Saturdays at 10.45, arriving in Nanjing Lukou International Airport at 15.30.

Flights on the return leg leave Nanjing at 17.00 and touch down in Singapore at 22.00.

Introductory fares for the route are already on sale, with one-way fares from Singapore to Nanjing starting from S$98 (US$79) for economy class and S$248 for Scoot Biz, taxes included. Outbound fares from Nanjing will be released at a later date, upon approval by regulatory authorities.

Promotional fares are available on Scoot’s website until 23.59 tomorrow or while stocks last.

LAO Airlines is resurrecting flights to Myanmar in October, 33 years after axing the once unprofitable route.

The national carrier will offer flights out of Vientiane and Luang Prabang to Yangon, and is due to sign a codesharing agreement with Myanmar Airways International on the route, said Saleum Tayarath, commercial department director, Lao Airlines.

“We want to tap tourism demand from countries like China, South Korea and Japan, (catering to) groups to both countries (Laos and Myanmar),” he said.

The new services are also part of a strategy by Thailand, Laos, Myanmar, Cambodia and Vietnam to build better connections within the Mekong region, said the press release.

HILTON Worldwide has opened South-east Asia’s first Hilton Garden Inn branded hotel in Hanoi, which also marks its second Hilton property in Vietnam.

The 86-room Hilton Garden Inn Hanoi is situated near the intersection of Phan Chu Trinh and Tran Hung Dao streets, within the city’s business, cultural and leisure centre, or 40km from the Noi Bai International Airport.

“Our focused service brand is tailored towards providing the signature features and services that meet the demands of value-conscious travellers who are always on the move,” said Adrian Kurre, global head, Hilton Garden Inn.

Each room comes with Hilton’s signature Garden Sleep System bed (Serta bed) and an ergonomic Mirra desk chair by Herman Miller.

Other facilities and services within the hotel include a 24-hour business centre, free Wi-Fi Internet in guestrooms and public spaces, a lounge, a fitness centre, the all-day Garden Grill restaurant and a 24-hour retail store called the Pavilion Pantry.

ASCOTT will make inroads into Nanjing in the second half of 2014 with the opening of its first serviced residence in the city, having recently signed a contract with Nanjing Lek Yuen Property Development to manage the property.

The 290-unit Citadines Baijia Lake Nanjing will be located a 15-minute and 25-minute drive from the Nanjing high-speed railway station and airport respectively.

Citadines Baijia Lake Nanjing will offer apartments in studio to three-bedroom configurations, with fully-equipped kitchens and separate work and sleeping areas.

Facilities at the serviced apartment include a gym, children’s play area, residence lounge, breakfast lounge, meeting room and business centre.

Chong Kee Hiong, Ascott CEO, said: “China is Ascott’s fastest-growing market. It is also our strongest market where our revenue per available unit in 2012 increased by 15 per cent over 2011. Besides building on our presence in tier-one cities in China, we have been expanding into high-growth cities where strong foreign investment has generated a large demand for serviced residences.”

Lee Chee Koon, deputy CEO and managing director for North Asia, Ascott, added: “Our first property in Nanjing is well-positioned to tap the growing number of expatriates, business travellers and tourists in Nanjing. Citadines Baijia Lake Nanjing is near the city centre and strategically located in Jiangning District, which is home to Nanjing’s largest economic and high-tech zone.”

PRINCESS Cruises will debut a free online training programme in Singapore next month ahead of the company’s first homeport season in the city-state in 2014.

At a media conference today, Alan Buckelew, Princess Cruises president and CEO said the cruise operator wants to tap the growing regional cruise market and is targeting 40,000 passengers roundtrip from Singapore on the Sapphire Princess.

Sapphire Princess will homeport in Singapore for a four-month season between November 2014 and February 2015. Sales begins tomorrow, with the ship offering trips to seven countries (including Malaysia, Vietnam and Thailand) on sailings between three and 11 days long.

The 2,670-pax Sapphire Princess features staterooms with private balconies, a spa, steakhouse, wine bar, boutiques and pizzeria, among other amenities.

Explaining why Singapore was chosen, Jan Swartz, executive vice president for sales, marketing & customer service, Princess Cruises, said: “We see the growing awareness of cruise tourism in Singapore, which gives us an opportunity to grow.” She added that the cruises from Singapore were also expected to draw strong interest from neighbouring countries like Malaysia, India and Indonesia.

Princess Cruises also announced today that it would bring its Princess Academy to Singapore. Currently available in several countries, the programme comprises 20 courses and awards travel experts with a “diploma” upon their completion.

Swartz said the cruise operator is aiming to have at least 90 per cent of all Singapore-based cruise travel consultants certified over the next two to three years.

World Express managing director, Darren Tan, applauded the move. He said: “Although cruising is becoming popular, it still forms a small proportion in the travel market and more can be done to educate the industry. It is important especially for travel consultants to have good knowledge because they are the ones that are selling and promoting the products.”

Although renowned for longhaul cruises, Princess is introducing short roundtrip cruises in Asia, with the first to debut in Japan later this month on the 2,022-pax Sun Princess.

Said Swartz: “We want to bring in new customers by introducing shorthaul, and letting them have a taste to see what we can offer, so they may choose to take even longer trips with us in future.”

CHINESE expenditure on travel abroad reached US$102 billion in 2012, recording a 40 per cent jump from 2011’s US$73 billion and clinching top spot as the world’s largest tourism source market in terms of spending.

This data by UNWTO puts China ahead of former top spender Germany and second-largest spender the US, as well as other countries such as Italy, Japan, France and the UK.

The sharp rise in expenditure is due to the increased volume of international trips by Chinese travellers (10 million in 2000 to 83 million in 2012), rapid urbanisation, rising disposable incomes, relaxation of restrictions on foreign travel and the appreciating Chinese currency, said the release.

Some of the other emerging markets that have increased their share of world tourism spend over the past decade include Russia, which saw an increase of 32 per cent in 2012 to US$43 billion, bringing it from seventh to fifth place in international tourism spending. Brazil shot up from 29^th place in 2005 to 12^th place last year with expenditure of US$22 billion.

“Emerging economies continue to lead growth in tourism demand,” said UNWTO secretary-general, Taleb Rifai. “The impressive growth of tourism expenditure from China and Russia reflects the entry into the tourism market of a growing middle class from these countries, which will surely continue to change the map of world tourism.”

Meanwhile, key traditional source markets also posted positive results – expenditure by Germany and the US grew six per cent, the UK posted four per cent, Canada crept up seven per cent, and both Australia and Japan inched up three per cent. France and Italy were the only markets in the top 10 to record a decline in spending, by six per cent and one per cent respectively.

Full data on international tourism expenditure will be published in the UNWTO World Tourism Barometer, to be released end April.