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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 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
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 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 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

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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

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Shangri-La in Kuala Lumpur

Subsidiaries

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Properties

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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

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

Former chairmen

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  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

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  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)
  8. Lim Beng Chee (2017–2022)

See also

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References

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  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. 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.
  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. ^ "Shangri-La Hotels (Malaysia) Bhd". 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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