Makati Shangri-La to shut down ‘temporarily’ next month

Hotel chain operator Shangri-La Hotels and Resorts is ‘temporarily’ closing its branch in Makati next month as the COVID-19 pandemic continues to batter the hotel industry due to extended lockdowns and uncertain business conditions.

IMAGE from Makati- Shangri-La, Manila Facebook page

Shangri-La Group vice president for Philippine operations John Rice said that Makati Shangri-La will temporarily close starting next month, but it could reopen at a later date when business conditions have improved.

“Despite our best efforts, the prolonged recovery timeline has resulted in increasing financial pressure on the company here in the Philippines,” wrote Rice in a statement. He added that as part of the reorganization exercise, they will sadly be parting ways with a number of colleagues.

Shangri-La said in a statement that it has already tried managing costs by implementing salary reductions at the management level, shorter work weeks, hiring freeze, and cuts in non-essential spending.

Since 1993, Makati Shangri-La has been known for hosting lavish events and parties such as the ABS-CBN Ball.

Aside from its Makati branch, Shangri-La also operates Edsa Shangri-La Hotel in Ortigas, Shangri-La at the Fort in Taguig City, Shangri-La’s Boracay Resort, and Spa, Shangri-La’s Mactan Resort and Spa, Cebu.

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Source: Shangri-La Group’s statement