Shangri-La plans new resort in southeastern China

In China, Shangri-La International is developing a new city resort in Zhoushan, Zhejiang province. Targeted to open in 2019, the 300-room property will be located in the middle of the city’s new municipal area.

Separated from the mainland by a narrow body of water, Zhoushan is made up of islands and lies across the mouth of the Hangzhou Bay. Traditionally being the largest fishery in China, its economic base has been diversified with the development of secondary and tertiary industries in recent years.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

Hong Kong-based Shangri-La Hotels and Resorts currently owns and/or manages 95 hotels under the Shangri-La brand with more than 39,000 rooms. The group has a substantial development pipeline with upcoming projects in Mainland China, Cambodia, Hong Kong, India, Myanmar, Philippines, Saudi Arabia and Sri Lanka. 

The expansion is a positive sign for Shangri-La, which reported net losses for the first half of 2015 and said a weak outlook for the global economy and the depreciations of the Chinese renminbi would likely result in deeper losses. The company reported a net loss of U$900,000 for the first six months of the year, down from net profits of $37.8 million in the same period in 2014. Losses in China alone were $34.3 million compared to $15.5 million.

Suggested Articles

Demand came in 67,000 rooms lower during the week ended July 4 than the previous week, according to Jan Freitag, STR’s SVP of lodging insights.

Two recent cases address the issue of hotel liability when personnel assist police who have an issue with a guest—here's the lesson for hotels.

The Buccini/Pollin Group has a longstanding connection to the Baltimore region, opening its first hotel in the area in 1997.