Shangri-La Hotels and Resorts
Hotel chain From Wikipedia, the free encyclopedia
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.
| |
| 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 |
|
| 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$6.50 billion (2019)[1] |
| Owner | Kerry Properties |
| Website | www |
| Shangri-La International Hotel Management Limited | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 香格里拉國際飯店管理有限公司 | ||||||||||
| Simplified Chinese | 香格里拉国际饭店管理有限公司 | ||||||||||
| |||||||||||
| Shangri-La Hotels and Resorts | |||||||||||
| Chinese | 香格里拉酒店 | ||||||||||
| |||||||||||
Shangri-La has 4 brands across different market segments: Shangri-La, Traders Hotels, Kerry Hotels, and Hotel Jen.[2] The company's head office is in Kerry Centre (嘉里中心), Quarry Bay, Hong Kong.[3] The current chairman is Kuok Hui-kwong.
History
The first hotel of the luxury Shangri-La Hotels and Resorts Group was the Shangri-La Hotel Singapore, opened on 23 April 1971.[4] The name derives from the mythical place Shangri-La, described in the 1933 novel Lost Horizon by British author James Hilton.[5]
The Shangri-La Hotel Singapore was managed by Westin Hotels & Resorts, until Shangri-La International Hotel Management Limited was founded in 1979, and management of the Singapore Shangri-La was taken back over from Westin in 1984. However, it would not be until 1991 that Shangri-La assumed control of the rest of the hotels.[6]
This hotel has also become the host to a prominent inter-governmental security conference known as the Shangri-La Dialogue.[7]
Corporate affairs
Subsidiaries
- Shangri-La Asia Limited is incorporated in Bermuda with limited liability.[8] It is primarily listed on the Stock Exchange of Hong Kong Limited (stock code 00069) with a secondary listing on the Singapore Exchange Securities Trading Limited (stock code Shang Asia 2kHK$) 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
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
 |
- Group Chairman: Kuok Hui-kwong (since January 2017)
- Group CEO: Vacant (since January 2023)
Former chairmen
- 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
- 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
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.