Shangri-La eyes more Aus locations

Shangri-La eyes more Aus locations
By admin


Shangri-La Asia has confirmed it is eyeing the Australian market for further investment opportunities following its acquisition of the Shangri-La Sydney and Holiday Inn, Brisbane earlier this week.

The hotel group revealed it intended to open in other gateway cities and was “very optimistic” about the hotel industry in Australia.

It said the Sydney and Brisbane deals, along with its current majority stake in the The Marina, Cairns, demonstrated a “substantial financial commitment” to the market.

“These hotels located in key strategic cities signify the group’s intention to establish its hotel brands in the continent and expand in other gateway destinations when the opportunity arises,” a statement said.

Meanwhile, the hospitality firm confirmed discussions are currently underway to renovate selected parts of the Holiday Inn which it will rebadge under its Traders brand.

Work will take place in 2013, although it disclosed no further details.

Australia is Shangri-La’s third largest market behind China and the US.

Latest News

  • Aviation

Low-cost Indian carrier SpiceJet continues to burn cash

It’s not just low-cost Australian carriers that are facing hardship. SpiceJet, India’s version of Bonza, recently announced a 72 per cent reduction in its net loss versus last year. But, despite this improvement, the airline has posted losses for six straight years. But it has secured board approval to raise up to INR 30 billion […]

  • Attractions

SAKA Museum recognised in TIME magazine’s World’s Greatest Places 2024

AYANA Resort Bali’s newly-opened cultural and events centre, SAKA Museum has been recognised in TIME magazine’s World’s Greatest Places list for 2024. Part of AYANA Bali’s resort destination, the museum integrates Bali’s rich history with state-of-the-art facilities, making it the centrepiece for the island’s spiritual and cultural heritage. TIME magazine’s inclusion of SAKA Museum in […]

  • Cruise

Silversea taps Barbara Biffi as senior vice president for global sales

Ultra-luxury and expedition cruise travel brand, Silverseas, has announced Barbara Biffi as its new senior vice president of global sales. Biffi joined the company in 2007, holding numerous positions and gaining a deep understanding of the brand, the preferences of its guests and its strategic goals, the company said. An Italian national with a wealth […]

  • Technology
  • Travel Agents

Amadeus welcomes FCM Travel as new reseller partner of Cytric Easy

Cytric Easy, the travel management tool embedded in Microsoft Teams, is to be integrated into FCM Travel portfolio. Amadeus and FCM Travel have extended their Cytric distribution agreement to include Cytric Easy. With this new agreement, global travel management company FCM Travel, becomes a reseller of the innovative travel management collaboration solution embedded into Microsoft […]