Shangri-La Hotels and Resorts explained

Type:	Public
Founder:	Robert Kuok
Area Served:	Worldwide, except Latin America and Caribbean
Industry:	Hospitality
Products:	Hotels, resorts
Revenue:	^[1]
Owner:	Kerry Properties
Foundation:	in Singapore
Location City:	Quarry Bay, Hong Kong
Locations:	101

Shangri-La Hotels and Resorts 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 (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:

!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

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)
8. Lim Beng Chee (2017–2022)

See also

• Kerry Properties
• Robert Kuok

Notes and References

1. Web site: Shangri-La Hotels and Resorts Annual report 2019-20 . Shangri-La Hotels and Resorts . Shangri-La Hotels and Resorts Asia . 28 August 2020 . 3 June 2021 . https://web.archive.org/web/20210603151854/https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0427/2020042701439.pdf . live .
2. Web site: Hospitality Net - Shangri-La launches new brand: Hotel Jen - Rebrands existing Traders-branded hotels. Hospitality Net. 2016-02-10. 19 October 2022. https://web.archive.org/web/20221019100811/https://www.hospitalitynet.org/news/4066675.html. live.
3. News: Luxury Hotels and Resorts Official Site Shangri-La Hotels and Resorts . 2018-07-04 . [...]with an address of 28/F Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong. . 28 November 2020 . https://web.archive.org/web/20201128113114/http://www.shangri-la.com/corporate/terms-conditions/ . live . - Address in Simplified Chinese : "香港鰂鱼涌英皇道683号嘉里中心28楼"
4. Web site: 7 October 2021. Information About Shangri-La Hotel Singapore. Shangri-La. 7 October 2021. 22 August 2015. https://web.archive.org/web/20150822180255/http://www.shangri-la.com/singapore/shangrila/press-room/fast-facts/. live.
5. Web site: Shangri-La - Oman's romantic paradise. Times of Oman. en. 2016-05-10. 22 July 2023. https://web.archive.org/web/20230722213315/https://timesofoman.com/article/77273/HI/Shangri-La----Oman%27s-romantic-paradise. live.
6. Web site: Shangri-La Group History . 3 March 2022 . 10 February 2022 . https://web.archive.org/web/20220210211707/https://www.shangri-la.com/group/our-story/milestones#! . live .
7. Web site: IISS Shangri-La Dialogue . IISS . 13 June 2022 . en . 13 June 2022 . https://web.archive.org/web/20220613000912/https://www.iiss.org/events/shangri-la-dialogue/shangri-la-dialogue-2022 . live .
8. Web site: Shangri-La Asia Limited. Yahoo! Finance. 2016-05-10. 13 May 2016. https://web.archive.org/web/20160513070551/http://finance.yahoo.com/q?s=0069.HK. live.
9. Web site: 69:Hong Kong Stock Quote - Shangri-La Asia Ltd. Bloomberg.com. 2016-05-10. 8 June 2021. https://web.archive.org/web/20210608211259/http://www.bloomberg.com/quote/69:HK. live.
10. Web site: Shangri-La Hotels (Malaysia) Bhd . Reuters. 2016-05-10.
11. Web site: Shangri-La Hotel Public Company Limited: BKK:SHANG quotes & news - Google Finance. www.google.com. 2016-05-10. 22 July 2023. https://web.archive.org/web/20230722213346/https://www.google.com/finance/?cid=909595056243096. live.