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 />
48 new era<br />
nORTH<br />
AmERicA<br />
Tourism Landscape<br />
International visi<strong>to</strong>rs <strong>to</strong> North America<br />
increased by 8% <strong>to</strong> 99.2 million in 2010.<br />
The United States (“US”) saw visi<strong>to</strong>r<br />
arrivals increase by 11% <strong>to</strong> 60.9 million<br />
while Canada registered a marginal<br />
increase of 2% against 2009.<br />
Industry occupancy for US increased<br />
3 percentage points <strong>to</strong> 58% while<br />
ARR was flat at US$98 and RevPAR<br />
was up 6% <strong>to</strong> US$56. Canadian hotel<br />
occupancy increased by 2 percentage<br />
points <strong>to</strong> 61%. ARR increased by 2%<br />
<strong>to</strong> C$129 while RevPAR was at C$78,<br />
a 5% improvement over <strong>the</strong> same<br />
period in 2009.<br />
Group Performance<br />
Performance of <strong>the</strong> hotels improved<br />
in line with <strong>the</strong> market trend.<br />
Managed revenue increased by 10%<br />
<strong>to</strong> $88 million during 2010 boosted<br />
by a 13% improvement in RevPAR.<br />
The increase in RevPAR <strong>com</strong>prised<br />
of a 3 percentage points increase in<br />
occupancy and 7% increase in ARR.<br />
80%<br />
75%<br />
70%<br />
65%<br />
60%<br />
55%<br />
50%<br />
45%<br />
0%<br />
OccUPAncy REVPAR (s$)<br />
REVEnUE (s$’m)<br />
pan paCifiC hOteLs GrOup LiMited<br />
300<br />
280<br />
260<br />
240<br />
220<br />
200<br />
180<br />
160<br />
0<br />
2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010<br />
ManaGed ManaGed ManaGed<br />
200<br />
180<br />
160<br />
140<br />
120<br />
100<br />
80<br />
60<br />
0<br />
A FEATHER in OUR cAP<br />
FOR A BRAnd nEW ERA<br />
OUR<br />
AWARds<br />
2010<br />
WORLd TRAVEL<br />
AWARds 2010<br />
• World’s Leading<br />
Business Hotel<br />
Pan Pacific Singapore<br />
• Asia’s Leading<br />
Business Hotel<br />
Pan Pacific Singapore<br />
• canada’s Leading Hotel<br />
Pan Pacific Vancouver<br />
• canada’s Leading<br />
Business Hotel<br />
Pan Pacific Vancouver<br />
• indonesia’s Leading<br />
Golf Resort<br />
Pan Pacific Nirwana<br />
Bali Resort<br />
• singapore’s Leading<br />
serviced Apartments<br />
Pan Pacific Serviced<br />
Suites Singapore<br />
cOndé nAsT TRAVELER<br />
REAdERs’ cHOicE<br />
AWARds 2010<br />
• Top Hotels (canada)<br />
Pan Pacific Vancouver<br />
• Top Resorts (canada)<br />
Pan Pacific Whistler<br />
Village Centre<br />
Awards and global recognition are testaments <strong>to</strong> <strong>the</strong> brand<br />
experience and distinctive service standards that separate us<br />
from our <strong>com</strong>petition. We are motivated by our accolades,<br />
and inspired <strong>to</strong> create many more memorable hotel<br />
experiences so that you, our valued guests, have <strong>com</strong>pelling<br />
reasons <strong>to</strong> return <strong>to</strong> us, year after year.<br />
TRiPAdVisOR’s<br />
TRAVELERs’ cHOicE<br />
AWARds 2010<br />
• Top 25 Hotels in<br />
United states<br />
Pan Pacific Seattle<br />
• Top 25 Hotels in china<br />
Pan Pacific Xiamen<br />
GOLdEn PiLLOW<br />
AWARds 2010<br />
• china’s Top 10 most<br />
Popular Resort Hotels<br />
Pan Pacific Suzhou<br />
TRAVEL+LEisURE<br />
cHinA’s cHinA<br />
TRAVEL AWARds 2010<br />
• china’s Top 100 Hotels<br />
Pan Pacific Suzhou<br />
TRAVEL & LEisURE’s<br />
AnnUAL TRAVEL<br />
AWARds 2010<br />
• Top 25 Best Business<br />
Hotels in Greater china<br />
Pan Pacific Xiamen<br />
BcA cOnsTRUcTiOn<br />
ExcELLEncE<br />
AWARds 2010<br />
• <strong>com</strong>mercial/mixed<br />
development Buildings<br />
category<br />
Pan Pacific Serviced<br />
Suites Singapore<br />
FiABci PRix<br />
d’ExcELLEncE<br />
AWARds 2010<br />
• Hotel category<br />
Pan Pacific Suzhou<br />
49<br />
AsEAn GREEn HOTEL<br />
AWARd 2010-2011<br />
• sari Pan Pacific Jakarta<br />
AssOciATiOn OF ROOms<br />
diVisiOn ExEcUTiVEs<br />
(sinGAPORE)<br />
AWARds 2010<br />
• Best Front Office<br />
department<br />
(superior Hotel)<br />
PARKROYAL on<br />
Beach Road<br />
THE AsiA PAciFic<br />
BRAnds FOUndATiOn<br />
(APBF) BRAndLAUREATE<br />
AWARd 2009/2010<br />
• Best Brand in<br />
Airport Hotels<br />
Pan Pacific Kuala Lumpur<br />
International Airport<br />
WORLd LUxURy HOTEL<br />
AWARds 2010<br />
• Luxury Airport Hotel<br />
category<br />
Pan Pacific Kuala Lumpur<br />
International Airport<br />
ANNUAL REPORT 2010
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