Shangri-La Hotels and Resorts: Difference between revisions

Shangri-La International Hotel Management Limited
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
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Xiānggélǐlā Guójì Fàndiàn Guǎnlǐ Yǒuxiàngōngsī
Yue: Cantonese
Jyutping	hoeng1 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
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Xiānggélǐlā Jiǔdiàn
Yue: Cantonese
Jyutping	hoeng1 gaak3 lei5 laai1 zau2 dim3

Shangri-La Hotels and Resorts
Company type	Public
Traded as	SEHK: 69; SGX: S07; MYX: 5517; SET: Shang;
Industry	Hospitality
Founded	23 April 1971; 53 years ago in Singapore
Founder	Robert Kuok
Headquarters	Quarry Bay, Hong Kong
Number of locations	101 (as of 2019)
Area served	Worldwide, except Latin America and Caribbean
Key people	Kuok Hui-kwong; (Chairman & Executive Director); Lim Beng Chee; (Executive Director & Group CEO);
Products	Hotels, resorts
Revenue	US$2.43 billion (2019)
Operating income	US$294.8 million (2019)
Net income	US$169.7 million (2019)
Total assets	US$13.72 billion (2019)
Total equity	US$6.50 billion (2019)
Owner	Kerry Properties
Website	www.shangri-la.com

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

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[edit]

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 the host to a prominent inter-governmental security conference known as the Shangri-La Dialogue.^[7]

Corporate affairs[edit]

Subsidiaries[edit]

Shangri-La Asia Limited is incorporated in Bermuda with limited liability.^[8] 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.^[9] 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).^[10]
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).^[11]

Properties[edit]

As of March 2022, Shangri-La owns, operates, or manages 100 hotels in 77 destinations:^{[citation needed]}


Brand	No. of properties
Shangri-La	91
Hotel Jen	9
Kerry Hotels	3
Traders	2
China World	2
Total	107

Senior leadership[edit]

Group Chairman: Kuok Hui-kwong (since January 2017)
Group CEO: Vacant (since January 2023)

Former chairmen[edit]

Robert Kuok (1984–1993)
Pho Ba Quan (1993–1994)
Richard Liu (1994–1997)
Beau Kuok Khoon-chen (1997–2000)
Alex Ye (2000–2003)
Edward Kuok Khoon-loong (2003–2008)
Kuok Khoon-ean (2008–2013)
Beau Kuok Khoon-chen (2013–2017); second term

Former chief executives[edit]

Robert Kuok (1984–1993)
Pho Ba Quan (1993–1994)
Paul Bush (1994–1997)
Chye Kuok Khoon-ho (1997–2002)
Edward Kuok Khoon-loong (2008–2009)
Kuok Khoon-ean (2009–2013)
Beau Kuok Khoon-chen (2013–2017)
Lim Beng Chee (2017–2022)

References[edit]

^ ^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. Archived (PDF) from the original on 3 June 2021. Retrieved 28 August 2020.
^ "Hospitality Net - Shangri-La launches new brand: Hotel Jen - Rebrands existing Traders-branded hotels". Hospitality Net. Archived from the original on 19 October 2022. Retrieved 10 February 2016.
^ "Luxury Hotels and Resorts | Official Site Shangri-La Hotels and Resorts". Archived from the original on 28 November 2020. Retrieved 4 July 2018. [...]with an address of 28/F Kerry Centre, 683 King's Road, Quarry Bay, Hong Kong. - Address in Simplified Chinese Archived 10 May 2023 at the Wayback Machine: "香港鰂鱼涌英皇道683号嘉里中心28楼"
^ "Information About Shangri-La Hotel Singapore". Shangri-La. 7 October 2021. Archived from the original on 22 August 2015. Retrieved 7 October 2021.
^ "Shangri-La - Oman's romantic paradise". Times of Oman. Archived from the original on 22 July 2023. Retrieved 10 May 2016.
^ "Shangri-La Group History". Archived from the original on 10 February 2022. Retrieved 3 March 2022.
^ "IISS Shangri-La Dialogue". IISS. Archived from the original on 13 June 2022. Retrieved 13 June 2022.
^ "Shangri-La Asia Limited". Yahoo! Finance. Archived from the original on 13 May 2016. Retrieved 10 May 2016.
^ "69:Hong Kong Stock Quote - Shangri-La Asia Ltd". Bloomberg.com. Archived from the original on 8 June 2021. Retrieved 10 May 2016.
^ "${Instrument_CompanyName} ${Instrument_Ric} Company Profile | Reuters.com". Reuters. Retrieved 10 May 2016.
^ "Shangri-La Hotel Public Company Limited: BKK:SHANG quotes & news - Google Finance". www.google.com. Archived from the original on 22 July 2023. Retrieved 10 May 2016.

External links[edit]

Media related to Shangri-La Hotels and Resorts at Wikimedia Commons

Official website

[shala-1] "Shangri-La Hotels and Resorts Annual report 2019-20" (PDF). Shangri-La Hotels and Resorts. Shangri-La Hotels and Resorts Asia. Archived (PDF) from the original on 3 June 2021. Retrieved 28 August 2020.

[2] "Hospitality Net - Shangri-La launches new brand: Hotel Jen - Rebrands existing Traders-branded hotels". Hospitality Net. Archived from the original on 19 October 2022. Retrieved 10 February 2016.

[Termscond-3] "Luxury Hotels and Resorts | Official Site Shangri-La Hotels and Resorts". Archived from the original on 28 November 2020. Retrieved 4 July 2018. [...]with an address of 28/F Kerry Centre, 683 King's Road, Quarry Bay, Hong Kong. - Address in Simplified Chinese Archived 10 May 2023 at the Wayback Machine: "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. Archived from the original on 22 August 2015. Retrieved 7 October 2021.

[5] "Shangri-La - Oman's romantic paradise". Times of Oman. Archived from the original on 22 July 2023. Retrieved 10 May 2016.

[6] "Shangri-La Group History". Archived from the original on 10 February 2022. Retrieved 3 March 2022.

[7] "IISS Shangri-La Dialogue". IISS. Archived from the original on 13 June 2022. Retrieved 13 June 2022.

[8] "Shangri-La Asia Limited". Yahoo! Finance. Archived from the original on 13 May 2016. Retrieved 10 May 2016.

[9] "69:Hong Kong Stock Quote - Shangri-La Asia Ltd". Bloomberg.com. Archived from the original on 8 June 2021. 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. Archived from the original on 22 July 2023. Retrieved 10 May 2016.

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@@ Line 18: / Line 18: @@
 | production =
 | services =
-| revenue = {{increase}} {{US$|2.43 billion}} {{small|(2019)}}<ref name="shala">{{Cite web|url = https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0427/2020042701439.pdf|title = Shangri-La Hotels and Resorts Annual report 2019-20 |website=Shangri-La Hotels and Resorts |publisher = Shangri-La Hotels and Resorts Asia }}</ref>
+| revenue = {{increase}} {{US$|2.43 billion}} {{small|(2019)}}<ref name="shala">{{Cite web |url = https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0427/2020042701439.pdf |title = Shangri-La Hotels and Resorts Annual report 2019-20 |website = Shangri-La Hotels and Resorts |publisher = Shangri-La Hotels and Resorts Asia |access-date = 28 August 2020 |archive-date = 3 June 2021 |archive-url = https://web.archive.org/web/20210603151854/https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0427/2020042701439.pdf |url-status = live }}</ref>
 | operating_income = {{increase}} {{US$|294.8 million}} {{small|(2019)}}<ref name="shala" />
 | net_income = {{decrease}} {{US$|169.7 million}} {{small|(2019)}}<ref name="shala" />
@@ Line 50: / Line 50: @@
 '''Shangri-La Hotels and Resorts''' ({{zh|first=t|t=香格里拉酒店}}) is a [[multinational corporation|multinational]] [[hospitality company]], founded in 1971 by tycoon [[Robert Kuok]]. It is a subsidiary of [[Kerry Properties]], the company has over 100 [[luxury hotel]]s and [[resort]]s with over 40,000 rooms in [[Africa]], [[Asia]], [[Europe]], the [[Middle East]], [[North America]] and [[Oceania]].
-Shangri-La has 4 brands across different market segments: Shangri-La, Traders Hotels, Kerry Hotels, and Hotel Jen.<ref>{{Cite web|title = Hospitality Net - Shangri-La launches new brand: Hotel Jen - Rebrands existing Traders-branded hotels|url = http://www.hospitalitynet.org/news/4066675.html|website = Hospitality Net|access-date = 2016-02-10}}</ref> The company's head office is in {{ill|Kerry Centre|zh|嘉里中心}} (嘉里中心), [[Quarry Bay]], Hong Kong.<ref name="Termscond">{{Cite news |title=Luxury Hotels and Resorts {{!}} Official Site Shangri-La Hotels and Resorts |url=http://www.shangri-la.com/corporate/terms-conditions/ |access-date=2018-07-04 |quote=[...]with an address of 28/F Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong.}} - [http://www.shangri-la.com/cn/corporate/terms-conditions/ Address in Simplified Chinese]:<!--No Traditional Chinese version seems to be available--> "香港鰂鱼涌英皇道683号嘉里中心28楼"</ref> The current chairman is Kuok Hui-kwong.
+Shangri-La has 4 brands across different market segments: Shangri-La, Traders Hotels, Kerry Hotels, and Hotel Jen.<ref>{{Cite web|title = Hospitality Net - Shangri-La launches new brand: Hotel Jen - Rebrands existing Traders-branded hotels|url = http://www.hospitalitynet.org/news/4066675.html|website = Hospitality Net|access-date = 2016-02-10|archive-date = 19 October 2022|archive-url = https://web.archive.org/web/20221019100811/https://www.hospitalitynet.org/news/4066675.html|url-status = live}}</ref> The company's head office is in {{ill|Kerry Centre|zh|嘉里中心}} (嘉里中心), [[Quarry Bay]], Hong Kong.<ref name="Termscond">{{Cite news |title=Luxury Hotels and Resorts {{!}} Official Site Shangri-La Hotels and Resorts |url=http://www.shangri-la.com/corporate/terms-conditions/ |access-date=2018-07-04 |quote=[...]with an address of 28/F Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong. |archive-date=28 November 2020 |archive-url=https://web.archive.org/web/20201128113114/http://www.shangri-la.com/corporate/terms-conditions/ |url-status=live }} - [http://www.shangri-la.com/cn/corporate/terms-conditions/ Address in Simplified Chinese] {{Webarchive|url=https://web.archive.org/web/20230510025919/https://www.shangri-la.com/cn/corporate/terms-conditions/ |date=10 May 2023 }}:<!--No Traditional Chinese version seems to be available--> "香港鰂鱼涌英皇道683号嘉里中心28楼"</ref> 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.<ref>{{Cite web|date=7 October 2021|title=Information About Shangri-La Hotel Singapore|url=http://www.shangri-la.com/singapore/shangrila/press-room/fast-facts/|website=Shangri-La}}</ref> The name derives from the mythical place [[Shangri-La]], described in the 1933 novel ''[[Lost Horizon]]'' by British author [[James Hilton (novelist)|James Hilton]].<ref>{{Cite web|url=http://timesofoman.com/article/77273/HI/Shangri-La----Oman's-romantic-paradise|title=Shangri-La - Oman's romantic paradise|website=Times of Oman|language=en|access-date=2016-05-10}}</ref>
+The first hotel of the luxury Shangri-La Hotels and Resorts Group was the [[Shangri-La Hotel Singapore]], opened on 23 April 1971.<ref>{{Cite web|date=7 October 2021|title=Information About Shangri-La Hotel Singapore|url=http://www.shangri-la.com/singapore/shangrila/press-room/fast-facts/|website=Shangri-La|access-date=7 October 2021|archive-date=22 August 2015|archive-url=https://web.archive.org/web/20150822180255/http://www.shangri-la.com/singapore/shangrila/press-room/fast-facts/|url-status=live}}</ref> The name derives from the mythical place [[Shangri-La]], described in the 1933 novel ''[[Lost Horizon]]'' by British author [[James Hilton (novelist)|James Hilton]].<ref>{{Cite web|url=http://timesofoman.com/article/77273/HI/Shangri-La----Oman%27s-romantic-paradise|title=Shangri-La - Oman's romantic paradise|website=Times of Oman|language=en|access-date=2016-05-10|archive-date=22 July 2023|archive-url=https://web.archive.org/web/20230722213315/https://timesofoman.com/article/77273/HI/Shangri-La----Oman%27s-romantic-paradise|url-status=live}}</ref>
-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.<ref>{{Cite web |title=Shangri-La Group History |url=https://www.shangri-la.com/group/our-story/milestones#!#collapseOne3}}</ref>
+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.<ref>{{Cite web |title=Shangri-La Group History |url=https://www.shangri-la.com/group/our-story/milestones#! |access-date=3 March 2022 |archive-date=10 February 2022 |archive-url=https://web.archive.org/web/20220210211707/https://www.shangri-la.com/group/our-story/milestones#! |url-status=live }}</ref>
-This hotel has also become the host to a prominent [[International security|inter-governmental security]] [[Meeting|conference]] known as the [[Shangri-La Dialogue]].<ref>{{cite web |title=IISS Shangri-La Dialogue |url=https://www.iiss.org/events/shangri-la-dialogue/shangri-la-dialogue-2022 |website=IISS |access-date=13 June 2022 |language=en}}</ref>
+This hotel has also become the host to a prominent [[International security|inter-governmental security]] [[Meeting|conference]] known as the [[Shangri-La Dialogue]].<ref>{{cite web |title=IISS Shangri-La Dialogue |url=https://www.iiss.org/events/shangri-la-dialogue/shangri-la-dialogue-2022 |website=IISS |access-date=13 June 2022 |language=en |archive-date=13 June 2022 |archive-url=https://web.archive.org/web/20220613000912/https://www.iiss.org/events/shangri-la-dialogue/shangri-la-dialogue-2022 |url-status=live }}</ref>
 ==Corporate affairs==
 [[File:Exterior at Shangri-La Kuala Lumpur.jpg|thumb|Shangri-La in [[Kuala Lumpur]]]]
 ===Subsidiaries===
-*'''Shangri-La Asia Limited''' is incorporated in [[Bermuda]] with limited liability.<ref>{{Cite web|url=https://finance.yahoo.com/q?s=0069.HK|title=Shangri-La Asia Limited|website=Yahoo! Finance|access-date=2016-05-10}}</ref> It is primarily listed on the [[Hong Kong Stock Exchange|Stock Exchange of Hong Kong Limited]] (stock code 00069) with a secondary listing on the [[Singapore Exchange|Singapore Exchange Securities Trading Limited]] (stock code Shang Asia 2kHK$) and with [[American Depositary Receipt]] traded as SHALY.<ref>{{Cite web|url=https://www.bloomberg.com/quote/69:HK|title=69:Hong Kong Stock Quote - Shangri-La Asia Ltd|website=Bloomberg.com|access-date=2016-05-10}}</ref> Since 1997, Shangri-La Asia Limited has owned Shangri-La International Hotel Management Limited.
+*'''Shangri-La Asia Limited''' is incorporated in [[Bermuda]] with limited liability.<ref>{{Cite web|url=https://finance.yahoo.com/q?s=0069.HK|title=Shangri-La Asia Limited|website=Yahoo! Finance|access-date=2016-05-10|archive-date=13 May 2016|archive-url=https://web.archive.org/web/20160513070551/http://finance.yahoo.com/q?s=0069.HK|url-status=live}}</ref> It is primarily listed on the [[Hong Kong Stock Exchange|Stock Exchange of Hong Kong Limited]] (stock code 00069) with a secondary listing on the [[Singapore Exchange|Singapore Exchange Securities Trading Limited]] (stock code Shang Asia 2kHK$) and with [[American Depositary Receipt]] traded as SHALY.<ref>{{Cite web|url=https://www.bloomberg.com/quote/69:HK|title=69:Hong Kong Stock Quote - Shangri-La Asia Ltd|website=Bloomberg.com|access-date=2016-05-10|archive-date=8 June 2021|archive-url=https://web.archive.org/web/20210608211259/http://www.bloomberg.com/quote/69:HK|url-status=live}}</ref> 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|Bursa Malaysia Securities Berhad]] (stock code 5517).<ref>{{Cite web|url=https://www.reuters.com/finance/stocks/companyProfile|title=${Instrument_CompanyName} ${Instrument_Ric} Company Profile {{!}} Reuters.com|website=Reuters|access-date=2016-05-10}}</ref>
-*'''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).<ref>{{Cite web|url=https://www.google.com/finance?cid=909595056243096|title=Shangri-La Hotel Public Company Limited: BKK:SHANG quotes & news - Google Finance|website=www.google.com|access-date=2016-05-10}}</ref>
+*'''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).<ref>{{Cite web|url=https://www.google.com/finance?cid=909595056243096|title=Shangri-La Hotel Public Company Limited: BKK:SHANG quotes & news - Google Finance|website=www.google.com|access-date=2016-05-10|archive-date=22 July 2023|archive-url=https://web.archive.org/web/20230722213346/https://www.google.com/finance/?cid=909595056243096|url-status=live}}</ref>
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