Shangri-La Hotels and Resorts
TypePublic
IndustryHospitality
Founded23 April 1971 (1971-04-23) in Singapore
FounderRobert 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)
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
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 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 (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 the host to 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
China World 2
Total 107

Breakdown by geography

Africa

  • Mauritius: 1

Asia

  • Mainland China: 55
  • Malaysia: 8
  • Philippines: 5
  • 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
  • United Kingdom: 1
  • Turkey: 1

Americas

  • Canada: 2

Oceania

  • Australia: 3
  • Fiji: 1

See also

References

  1. 1 2 3 4 5 "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.
  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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