Shangri-La Hotels and Resorts

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.

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 (1971-04-23)inSingapore
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)^[1]
Operating income	US$294.8 million (2019)^[1]
Net income	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.com

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.

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]

Shangri-La in Kuala Lumpur

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

This section does not cite any sources. Please help improve this sectionbyadding citations to reliable sources. Unsourced material may be challenged and removed. (April 2024) (Learn how and when to remove this message)

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)

^ ^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.

Shangri-La Hotels and Resorts

Contents

History

Corporate affairs

Subsidiaries

Properties

Senior leadership

Former chairmen

Former chief executives

See also

References

External links

Languages