Shangri-La Hotels and Resorts

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Shangri-La Hotels and Resorts
TypePublic company
Traded as
IndustryHospitality
Founded23 April 1971; 50 years ago (1971-04-23)
FounderRobert Kuok
Headquarters
Hong Kong
Number of locations
101 (2019)
Area served
Worldwide, except Latin America and Caribbean
ProductsHotels, resorts
RevenueIncrease US$2.43 billion (2019)[1]
Increase US$294.8 million (2019)[1]
Net income
Decrease US$169.7 million (2019)[1]
Total assetsIncrease US$13.72 billion (2019)[1]
Total equityDecrease US$6.50 billion (2019)[1]
OwnerKerry Properties
Websitewww.shangri-la.com
Shangri-La International Hotel Management Limited
Traditional Chinese香格里拉國際飯店管理有限公司
Simplified Chinese香格里拉国际饭店管理有限公司
Shangri-La Hotels and Resorts
Chinese香格里拉酒店

Shangri-La Hotels and Resorts (Chinese: 香格里拉酒店) is a Hong Kong-based multinational hospitality company. Founded by tycoon Robert Kuok in 1971, the company has over 100 luxury hotels and resorts with over 40,000 rooms in Africa, Asia, Europe, the Middle East, North America and Australia. The company's head office is in  [zh] (嘉里中心), Quarry Bay, Hong Kong.[2]

Shangri-La has 4 brands across different market segments: Shangri-La, Traders Hotels, Kerry Hotels and Hotel Jen.[3]

History[]

The first hotel of the luxury Shangri-La Hotels and Resorts Group was the Shangri-La Hotel Singapore, opened on 23 April 1971.[4] The name derives from the mythical place Shangri-La, described in the 1933 novel Lost Horizon by British author James Hilton.[5]

The Shangri-La Hotel Singapore was managed by Westin Hotels & Resorts, until Shangri-La International Hotel Management Limited was founded in 1979, and management of the Singapore Shangri-La was taken back over from Westin in 1984. However, it would not be until 1991 that Shangri-La assumed control of the rest of the hotels.[6]

Senior Leadership[]

  • Chairman: Kuok Hui-kwong (since 2017)
  • Chief Executive: Lim Beng Chee (since 2017)

Former chairmen[]

  1. Robert Kuok (1984–1993)
  2. Pho Ba Quan (1993–1994)
  3. Richard Liu (1994–1997)
  4. Beau Kuok Khoon-chen (1997–2000)
  5. Alex Ye (2000–2003)
  6. Edward Kuok Khoon-loong (2003–2008)
  7. Kuok Khoon-ean (2008–2013)
  8. Beau Kuok Khoon-chen (2013–2017); second term

Former chief executives[]

  1. Robert Kuok (1984–1993)
  2. John Hayden (1993–1999)
  3. Giovanni Angelini (1999–2008)
  4. Madhu Rao (2008–2009)
  5. Kuok Khoon-ean (2009–2013)
  6. Beau Kuok Khoon-chen (2013–2017)

Companies[]

  • Shangri-La Asia Limited is incorporated in Bermuda with limited liability.[7] It is primarily listed on the Stock Exchange of Hong Kong Limited (stock code 00069) with a secondary listing on the Singapore Exchange Securities Trading Limited (stock code Shang Asia 2kHK$) and with American Depositary Receipt traded as SHALY.[8] Since 1997, Shangri-La Asia Limited has owned Shangri-La International Hotel Management Limited.
  • Shangri-La Hotels (Malaysia) Berhad is incorporated in Malaysia with limited liability and is traded on the Bursa Malaysia Securities Berhad (stock code 5517).[9]
  • Shangri-La Hotel Public Company Limited is incorporated in Thailand with limited liability and is traded on the Stock Exchange of Thailand (stock code SHANG).[10]

Hotels[]

As of March 2022, Shangri-La owns, operates, or manages 100 hotels in 77 destinations.

Breakdown by brand[]

Brand No. of properties
Shangri-La 91
Hotel Jen 9
Kerry Hotels 3
Traders 2
Total 100

Breakdown by geography[]

Asia[]

  • Mainland China: 56
  • Malaysia: 8
  • Philippines: 6
  • Singapore: 5
  • Hong Kong: 4
  • Indonesia: 3
  • India: 2
  • Myanmar: 2
  • Sri-Lanka: 2
  • Taiwan: 2
  • Thailand: 2
  • Cambodia: 1
  • Japan: 1
  • Maldives: 1
  • Mongolia: 1

Middle East[]

  • United Arab Emirates: 3
  • Oman: 2
  • Bahrain: 1
  • Saudi Arabia: 1

Europe[]

  • France: 1
  • Turkey: 1
  • United Kingdom: 1

Americas[]

  • Canada: 2

Others[]

  • Australia: 3
  • Mauritius: 2
  • Fiji: 1

See also[]

References[]

  1. ^ a b c d e "Shangri-La Hotels and Resorts Annual report 2019-20" (PDF). Shangri-La Hotels and Resorts. Shangri-La Hotels and Resorts Asia.
  2. ^ "Luxury Hotels and Resorts | Official Site Shangri-La Hotels and Resorts". Retrieved 4 July 2018. [...]with an address of 28/F Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong. - Address in Simplified Chinese: "香港鰂鱼涌英皇道683号嘉里中心28楼"
  3. ^ "Hospitality Net - Shangri-La launches new brand: Hotel Jen - Rebrands existing Traders-branded hotels". Hospitality Net. Retrieved 10 February 2016.
  4. ^ "Information About Shangri-La Hotel Singapore". Shangri-La. 7 October 2021.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "Shangri-La - Oman's romantic paradise". Times of Oman. Retrieved 10 May 2016.
  6. ^ "Shangri-La Group History".
  7. ^ "Shangri-La Asia Limited". Yahoo! Finance. Retrieved 10 May 2016.
  8. ^ "69:Hong Kong Stock Quote - Shangri-La Asia Ltd". Bloomberg.com. Retrieved 10 May 2016.
  9. ^ "${Instrument_CompanyName} ${Instrument_Ric} Company Profile | Reuters.com". Reuters. Retrieved 10 May 2016.
  10. ^ "Shangri-La Hotel Public Company Limited: BKK:SHANG quotes & news - Google Finance". www.google.com. Retrieved 10 May 2016.

External links[]

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