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Shangri-La Hotels and Resorts

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Shangri-La Hotels and Resorts
Company typePublic
IndustryHospitality
Founded23 April 1971; 53 years ago (1971-04-23) in Malaysia
FounderRobert Kuok
Headquarters
Quarry Bay, Hong Kong
Number of locations
101 (2019)
Area served
Worldwide, except Latin America and Caribbean
Key people
ProductsHotels, resorts
RevenueIncrease US$2.43 billion (2019)[1]
Increase US$294.8 million (2019)[1]
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
Transcriptions
Standard Mandarin
Hanyu PinyinXiānggélǐlā Guójì Fàndiàn Guǎnlǐ Yǒuxiàngōngsī
Yue: Cantonese
Jyutpinghoeng1 gaak3 lei5 laai1 gwok3 zai3 faan6 dim3 gun2 lei5 jau5 haan6 gung1 si1
Shangri-La Hotels and Resorts
Chinese香格里拉酒店
Transcriptions
Standard Mandarin
Hanyu PinyinXiānggélǐlā Jiǔdiàn
Yue: Cantonese
Jyutpinghoeng1 gaak3 lei5 laai1 zau2 dim3

Shangri-La Hotels and Resorts (Chinese: 香格里拉酒店) is a multinational hospitality company. Founded in 1971 by tycoon Robert Kuok in Malaysia, the company now has over 100 luxury hotels and resorts with over 40,000 rooms in Africa, Asia, Europe, the Middle East, North America and Australia.

Shangri-La has 4 brands across different market segments: Shangri-La, Traders Hotels, Kerry Hotels and Hotel Jen.[2] The company's head office is in Kerry Centre [zh] (嘉里中心), Quarry Bay, Hong Kong.[3] The current chairman is Kuok Hui-kwong.

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]

This hotel has also become a prominent inter-governmental security conference known as the Shangri-La Dialogue.[7]

Senior Leadership

  • Chairman and Executive Director: Kuok Hui-kwong (since January 2017)
  • Executive Director and Group CEO: Lim Beng Chee (since January 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. Pho Ba Quan (1993–1994)
  3. Paul Bush (1994–1997)
  4. Chye Kuok Khoon-ho (1997–2002)
  5. Edward Kuok Khoon-loong (2008–2009)
  6. Kuok Khoon-ean (2009–2013)
  7. Beau Kuok Khoon-chen (2013–2017)

Companies

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

Africa

  • Mauritius: 2

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
  • Turkey: 1

Middle East

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

Europe

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

Americas

  • Canada: 2

Oceania

  • Australia: 3
  • 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. ^ "Hospitality Net - Shangri-La launches new brand: Hotel Jen - Rebrands existing Traders-branded hotels". Hospitality Net. Retrieved 10 February 2016.
  3. ^ "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"
  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. ^ "IISS Shangri-La Dialogue". IISS. Retrieved 13 June 2022.
  8. ^ "Shangri-La Asia Limited". Yahoo! Finance. Retrieved 10 May 2016.
  9. ^ "69:Hong Kong Stock Quote - Shangri-La Asia Ltd". Bloomberg.com. Retrieved 10 May 2016.
  10. ^ "${Instrument_CompanyName} ${Instrument_Ric} Company Profile | Reuters.com". Reuters. Retrieved 10 May 2016.
  11. ^ "Shangri-La Hotel Public Company Limited: BKK:SHANG quotes & news - Google Finance". www.google.com. Retrieved 10 May 2016.
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