New havens shine on Shangri-La's horizon
Luxury hotel and resort group Shangri-La is poised for significant expansion. The Hong Kong-based company has 47 hotels under its banner. In four years, this will swell to 80 with new properties from London to Vancouver to Muscat.
Recently promoted chief operating officer Symon Bridle said most additions would be hotels purpose-built unlike properties in Sydney and Cairns that were bought from other companies and rebranded as Shangri-La.
While its core focus will remain firmly fixed on China and Asia, the group also has its eye on cities such as Melbourne, New York and Paris.
Having pioneered the five-star market in much of China, the Shangri-La brand is well known and the increasing number of future wealthy Chinese international travellers is seen as a prime market.
Shangri-La's global strategy is to open new properties in cities with business links to Hong Kong and the mainland, and a healthy two-way flow of travellers.
In China, the portfolio of 19 hotels will swell to 32 by 2008. It includes expansion into areas that have not had five-star hotels; in Inner Mongolia , for instance, properties will open in Baotou and Manzhouli in 2007, and in Hohhot early next year.