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Shangri-La is expected to Mainland to open 11 hotels in the next three years

Return to news listDate of publication :2012-03-27 18:06:03

According to the Hong Kong media reports, part of Malaysia s Kuok Group s luxury hotel group, Shangri-La (Asia) hotels, plans to open 11 hotels, of which two will be opened in the Mainland in the next three years. The company also plans to open seven hotels in the rest of the world such as France and Turkey.

    It is reported that this year expected to be opened two hotels are located in Qufu and Yangzhou, the Paris hotel expansion will be completed next year.

    Shangri-La (Asia) in 2011 turnover grew by 21 percent to $ 1.91 billion, but net profit in 2010 but never the $ 287 million, down 12 percent to $ 253 million.

    The company said the profit decline mainly due to the hotels in Paris cloud annual revenue deficit. The earthquake and tsunami of last March a direct impact on the Tokyo hotel performance. The chief financial officer of money full of all the hotel to be closed down four weeks after the earthquake.

    Recently, the upscale hotel expansion in China and abroad in the action significantly. InterContinental Hotels Group (InterContinental Hotels Group PLC,) has announced the launch of the China-eup, Hotels and Resorts (Hualuxe Hotels and Resorts) upscale hotel brand in the Chinese market. Hilton Hotels Corporation (Hilton Worldwide Inc..) Also plans to add at least 75 in the next five years. Meanwhile, the domestic well-known hotel seven days this year launched a new high-end hotel chain brand. This indicates that the high-end hotel in the domestic market will become more competitive.
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