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Nov 14, 2021 · Credited with pioneering Asian hospitality, iconic Singaporean brand Shangri-La turns 50. From a single hotel in 1971 to 100+ in 2021, we chart its history. Pioneers of Asian hospitality and one of the world’s most iconic Asian hospitality brands Shangri-La Hotels & Resorts Group has come a long way since its debut in Singapore in 1971.
- Kate Birch
- Business Update
- Prospects
- About Shangri-La Group
Hotels saw a sharp decline in business as COVID-19 continues to spread globally since January 2020, particularly in those destinations reliant on international tourism. However, with nearly half of its business in Mainland China, the Group's hotels in the region have seen sustained, gradual recovery since March, supported by domestic leisure, corpo...
The recovery the Group has witnessed in Mainland China throughout the latter half of 2020 is expected to sustain momentum into 2021. The Group's earlier investment in new products designed to enhance the family experience has begun to yield returns, helping hotels generate a new source of revenue and growth. The Group also saw reassuring outcomes f...
Shangri-La Group is one of the world's premier developers, owners and managers of hotel and investment properties which comprises office buildings, commercial real estate and serviced apartments/residences. The Group's other principal activities include hotel management services as well as property development for sale. It currently owns and/or man...
2 Shangri-La Asia Limited Sustainability Report 2020 Sustainability Report Leadership Message On behalf of the Board, I am pleased to present Shangri-La Asia Limited’s 2020 Sustainability Report. It has been a decade since we published our first standalone report on the Group’s Environmental, Social & Governance (ESG) performance.
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Mar 26, 2021 · Initiatives. Increased focus on domestic leisure market with promotions in family and staycation packages. Hotel vouchers programme to improve cashflow and increase business volume. Drove F&B takeaway and delivery business. Promoted sales of holiday goodies.
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Sep 3, 2020 · The Shangri-La Zhoushan was opened in January 2020, and the Group’s investment property portfolio continued to provide a steady base in the midst of volatility. While there are gradual business recoveries in destinations where the virus is showing signs of being under control, the Group is mindful that the situation can still rapidly change, as evidenced by recent second or third waves in ...
Aug 31, 2020 · The Shangri-La Zhoushan was opened in January 2020, and the Group’s investment property portfolio continued to provide a steady base in the midst of volatility. While there are gradual business recoveries in destinations where the virus is showing signs of being under control, the Group is mindful that the situation can still rapidly change, as evidenced by recent second or third waves in ...
Mar 24, 2023 · Maintained strong financial position, cash and cash equivalent of USD766.0 million and committed undrawn facilities of USD973.1 million, available funds totalling about USD1.7 billion. The 2022 results saw significant business improvement for the Group as travel and pandemic restrictions in most regions gradually loosened.
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