Shangri-La Asia announced a net loss of US$158.5 million for FY2022, which is considerably lower than the net loss in FY2021 of US$290.6 million. Nonetheless, net asset value declined by 10.4% y-o-y to US$1.47.

Shangri-La owns or leases 83 hotels, and manages a further 22 hotels, with five hotels under development.

Although travel rebounded in Southeast Asia, and the group's most iconic property is Shangri-La Hotel Singapore, by valuation, more than half of its assets are in China and Hong Kong, with the rest spread across Asia-Pacific. China was closed for much of 2022 because of its zero-Covid policy.

Shangri-La Asia announced a smaller loss in FY2022

Will the Rising Sun keep rising?

Fed signals higher-for-longer rates with hikes almost finished

EQT Impact Challenge offers platform for impact entrepreneurs to attain 'patient capital'

Singtel to sell 20% stake in regional data centre business valued at $5.5 bil

SoftBank has either reopened the IPO market or killed it

KKR deal could lead to higher Singtel dividends

Capital management, cash flow and sustainability key focuses of S-REIT managers at forum 

Risk-free rates remain high as Fed puts hikes on hold

Building up the digital skills needed to futureproof Asean’s growth

Cisco strikes US$28 billion deal for Splunk in biggest buy yet

A call for explainable AI 

Briefs: Fed signals higher-for-longer rates; Goldman raises Brent oil forecast to US$100 as rally builds

EC World REIT units to remain under suspension

Leader Environmental Technologies sells stake in Jilin Anjie Environmental Engineering for RMB6.6 mil

Norqain partners with Dean Schneider to raise funds and awareness for the Hakuna Mipaka Wildlife Oasis

Weekout (Sep 25): &Juliet, Halloween Horror Nights, Ganko Sushi, High Bar Society

See the latest from Alexander McQueen, Puyi Optical and more

Instacart has caught tech's next big thing

The end of an era for global automakers

China must avoid a debt-deflation spiral

OCBC becomes first bank in Singapore to offer cross-border payments for customers through Alipay+

Goh Jin Hian, former CEO of New Silkroutes Group and son of former PM Goh Chok Tong charged with false trading

Thomson Medical has 3 months to restore public float

Proposed rezoning of Marina Square could have 'significant upsides' to NAVs, says DBS

Brokers’ Digest: Hong Leong Asia, Lendlease REIT, Suntec REIT, Frencken, Venture

Shangri-La Asia announced a smaller loss in FY2022

Related News

Highlights

Will the Rising Sun keep rising?

Related News

Shangri-La Asia is back to black with 1H2023 net profit, but NAV dips marginally

Some gigs are hotter than others

Shangri-La Asia's CEO and executive director retires