by bondevalue | Mar 29, 2021 | Financial News
Hotel Group Shangri-La Asia reported a net loss of $460.2mn in 2020 as compared to net profits of $152.5mn in 2019. Revenues fell ~58% to $1.03bn impacted by the pandemic with its weighted average occupancy rate falling to 33% for 2020 vs. 68% in 2019. For example,...
