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Mainland boost for hotel group
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Shangri-la Hotels and Resorts expects the number of its hotels on the Chinese mainland to account for more than half its global portfolio within the next three years as the company furthers its expansion across the country. The Hong Kong-based company currently runs a global network of more than 80 hotels under three brands with 37 of them on the Chinese mainland.
“We will add another 20 hotels across the country in the next five years,” said Kent Zhu, the company’s chief marketing officer, at a contract signing ceremony yesterday for a Shangri-La Hotel in the eastern city of Shaoxing.
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