Shangri-La Asia Company profile
Shangri-La Asia Limited, an investment holding company, owns/leases and operates hotels and associated properties worldwide. It operates through four segments: Hotel Ownership, Hotel Management Services, Property Rentals, and Property Sales. The company also provides hotel management, marketing, consultancy, reservation, and related services; and owns and leases office and commercial properties, and serviced apartments/residences. In addition, it is involved in real estate development and operation activities; the ownership and operation of golf clubs; and property investment and office management, as well as wines trading activities. The company operates hotels under the Shangri-La, Kerry Hotel, Hotel Jen, Traders Hotel, Rasa, Summer Palace, Shang Palace, and CHI, The Spa at Shangri-La brand names. As of December 31, 2017, it had equity interests in 80 operating hotels with 36,056 rooms. The company was founded in 1971 and is headquartered in Quarry Bay, Hong Kong.Latest shares articles
Market Analysis: EUR/GBP Extends Rally but Faces Key Resistance
A worsening economic outlook in the UK is driving the pound lower, pushing EUR/GBP to a two-and-a-half-month high.
15:01, 14 January 2025
AUD/USD hovers near five year low ahead of labour force data
Australia’s labour market is expected to have cooled in December, according to economist forecasts. The economy is projected to have added 15,000 jobs in the month, lifting the unemployment rate to 4.0%. The lukewarm estimate follows a drop in the unemployment rate to 3.9% in November, owing to a combination of strong full time employment growth and a drop in the participation rate.
12:36, 14 January 2025
Market Analysis: oil rallies further as supply tightness dominates
Oil prices continue to surge as US sanctions on Russia and Iran are expected to tighten supply
16:34, 13 January 2025
Wall Street drops and Dollar climbs following US NFPs, attention turns to CPI data
US Non-Farm Payrolls data for December revealed a stronger than expected labour market. Employment rose by 256,000 for the month, vastly outstripping the 164,000 forecast, with the increase enough to push the unemployment rate down to 4.1%. The figures stoked fears that the US economy may still be too hot and is potentially re-accelerating, placing upward pressure on inflation.
08:59, 13 January 2025
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