notes to the financial statements - Pphg.com
notes to the financial statements - Pphg.com
notes to the financial statements - Pphg.com
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A BRAND<br />
36 new era<br />
OPERATiOns<br />
OVERViEW<br />
Growing from strength <strong>to</strong> strength<br />
2010 presented Pan Pacific Hotels Group<br />
with opportunities <strong>to</strong> streng<strong>the</strong>n its<br />
portfolio and intensify its expansion<br />
efforts.<br />
Continuing on its growth strategy, <strong>the</strong><br />
Group concluded two landmark hotel<br />
management agreements: <strong>the</strong> first for<br />
an integrated resort in Bali, and <strong>the</strong><br />
second, for two properties in Ningbo,<br />
China. It also <strong>com</strong>menced its expansion<br />
in Oceania, beginning with three hotels<br />
in Australia.<br />
Cementing its international presence,<br />
<strong>the</strong> Group made seven brand-defining<br />
additions <strong>to</strong> its “Pan Pacific” and<br />
“PARKROYAL” portfolios. These included:<br />
Pan Pacific Suzhou, Pan Pacific Serviced<br />
Suites Bangkok, Pan Pacific Nirwana Bali<br />
Resort, PARKROYAL Serviced Suites<br />
Kuala Lumpur, PARKROYAL Darling<br />
EXISTING CONFIRMED PIPELINE<br />
NO. OF HOTELS NO. OF ROOMS NO. OF HOTELS NO. OF ROOMS<br />
BY BRANDS<br />
Pan Pacific 16 5,111 3 964<br />
PARKROYAL 10 2,990 5 1,348<br />
O<strong>the</strong>rs 2 595 – –<br />
TOTAL 28 * 8,696 8 2,312<br />
BY OwNERSHIP TYPE<br />
Owned 13 4,265 3 823<br />
Managed 15 4,431 5 1,489<br />
TOTAL 28 8,696 8 2,312<br />
* As at 31/1/2011<br />
pan paCifiC hOteLs GrOup LiMited<br />
18<br />
17<br />
16<br />
Harbour, Sydney, PARKROYAL Parramatta<br />
and in January 2011, Pan Pacific Perth.<br />
During <strong>the</strong> year, <strong>the</strong> Group made fur<strong>the</strong>r<br />
headway with its brands refreshment<br />
work <strong>to</strong> engage its cus<strong>to</strong>mers. Its work<br />
with international brand agency The<br />
Brand Union resulted in rejuvenated<br />
brand strategies for “Pan Pacific” and<br />
“PARKROYAL”, executed through<br />
new visual and verbal identities in<br />
multiple channels and enhanced guest<br />
experiences.<br />
The Group currently manages and/<br />
or owns over 30 hotels, resorts and<br />
serviced suites in 12 countries. Including<br />
pipeline developments, <strong>the</strong> “Pan Pacific”<br />
portfolio <strong>com</strong>prises 19 hotels, resorts<br />
and serviced suites in Asia, Oceania and<br />
North America, while “PARKROYAL” is<br />
represented by 15 hotels, resorts and<br />
serviced suites in Asia Pacific.<br />
1 sinGAPORE<br />
<strong>the</strong> plaza<br />
parKrOYaL on Beach road<br />
parKrOYaL on Kitchener road<br />
parKrOYaL serviced suites singapore<br />
pan pacific singapore<br />
pan pacific Orchard<br />
pan pacific serviced suites singapore<br />
2 KUALA LUmPUR<br />
parKrOYaL Kuala Lumpur<br />
pan pacific Kuala Lumpur<br />
international airport<br />
parKrOYaL serviced suites<br />
Kuala Lumpur<br />
3 PEnAnG<br />
parKrOYaL penang resort<br />
4 BAnGKOK<br />
pan pacific serviced suites Bangkok<br />
5 BALi<br />
pan pacific nirwana Bali resort<br />
6 JAKARTA<br />
sari pan pacific Jakarta<br />
9 11 13 12<br />
10 4 3<br />
7 mAniLA<br />
pan pacific Manila<br />
6 5<br />
8 HO cHi minH ciTy<br />
parKrOYaL saigon<br />
sofitel saigon plaza<br />
9 HAnOi<br />
sofitel plaza hanoi<br />
10 yAnGOn<br />
parKrOYaL Yangon<br />
11 dHAKA<br />
pan pacific sonargaon dhaka<br />
12 sUzHOU<br />
pan pacific suzhou<br />
13 xiAmEn<br />
pan pacific xiamen<br />
14 PERTH<br />
pan pacific perth<br />
15 sydnEy<br />
LEGEnd<br />
37<br />
investment property Owned<br />
by <strong>the</strong> Group<br />
properties Owned and Managed<br />
by <strong>the</strong> Group<br />
properties Owned by <strong>the</strong> Group and<br />
Managed by third parties<br />
properties Owned by third parties and<br />
Managed by <strong>the</strong> Group<br />
ANNUAL REPORT 2010<br />
8<br />
7<br />
2<br />
1<br />
14<br />
parKrOYaL darling harbour, sydney<br />
parKrOYaL parramatta<br />
16 sEATTLE<br />
pan pacific seattle<br />
17 VAncOUVER<br />
pan pacific Vancouver<br />
18 WHisTLER<br />
15<br />
pan pacific whistler Mountainside<br />
pan pacific whistler Village Centre