Shangri-La Hotels and Resorts (Chinese: 香格里拉酒店) is a multinational hospitality company, founded in 1971 by tycoon Robert Kuok and bearing the name of a Far Eastern mythical land of contentment depicted in the 1933 novel Lost Horizon. 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.
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| Company type | Public |
|---|---|
| Industry | Hospitality |
| Founded | 23 April 1971 in Singapore |
| Founder | Robert Kuok |
| Headquarters | |
Number of locations | 101 (as of 2019) |
Area served | Worldwide, except Latin America and Caribbean |
Key people |
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| Products | Hotels, resorts |
| Revenue |  US$2.43 billion (2019)[1] |
| US$294.8 million (2019)[1] | |
 US$169.7 million (2019)[1] | |
| Total assets | US$13.72 billion (2019)[1] |
| Total equity | US$6.50 billion (2019)[1] |
| Owner | Kerry Properties |
| Website | www |
| Shangri-La International Hotel Management Limited | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 香格里拉國際飯店管理有限公司 | ||||||||||
| Simplified Chinese | 香格里拉国际饭店管理有限公司 | ||||||||||
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| Shangri-La Hotels and Resorts | |||||||||||
| Chinese | 香格里拉酒店 | ||||||||||
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Shangri-La has 4 brands across different market segments: Shangri-La, Traders Hotels, Kerry Hotels, and Hotel Jen.[2] The company's head office is in Kerry Centre (嘉里中心), Quarry Bay, Hong Kong.[3] The current chairman is Kuok Hui-kwong.
History
editThe first hotel of the luxury Shangri-La Hotels and Resorts Group was the Shangri-La Hotel Singapore, opened on 23 April 1971.[4] The name derives from the mythical place Shangri-La, described in the 1933 novel Lost Horizon by British author James Hilton.[5]
The Shangri-La Hotel Singapore was managed by Westin Hotels & Resorts, until Shangri-La International Hotel Management Limited was founded in 1979, and management of the Singapore Shangri-La was taken back over from Westin in 1984. However, it would not be until 1991 that Shangri-La assumed control of the rest of the hotels.[6]
This hotel has also become the host to a prominent inter-governmental security conference known as the Shangri-La Dialogue.[7]
Corporate affairs
edit
Subsidiaries
edit- Shangri-La Asia Limited is incorporated in Bermuda with limited liability.[8] It is primarily listed on the Stock Exchange of Hong Kong Limited (stock code 00069) with a secondary listing on the Singapore Exchange Securities Trading Limited (stock code Shang Asia 2kHK$) 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
editAs 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)
See also
editReferences
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.
- ^ "Shangri-La Hotels (Malaysia) Bhd". 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
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Media related to Shangri-La Hotels and Resorts at Wikimedia Commons
