The almost three-decade-old Makati Shangri-La is shutting its doors temporarily beginning 1 February.
The folding up of the operation of Makati Shang, was announced Wednesday through a letter wired by Shangri-La Group (Philippines) Vice President for Operations John Rice, to Mr. Arthur Lopez, President of the Philippine Hotel Owners Association (PHOA), a copy of which was obtained by Daily Tribune.
What is sadder, the company is also letting go a number of people — all these because of the impact of the coronavirus pandemic.
“As part of the reorganization exercise, we will sadly be parting ways with a number of colleagues and we will be temporarily closing Makati Shangri-La, Manila from 1 February, 2021 onwards,” according to the letter signed by Rice dated 20 January, 2021.
Rice attributed Makati Shang’s momentary shutdown to the “prolonged recovery timeline that has resulted in increasing financial pressure on the company here in the Philippines,” despite its priority has been to preserve as many jobs as possible for their teams.
The letter emphasized that despite the impact of the contagion to the global economies, particularly, the travel and hospitality sectors, Shangri-la has provided assistance to its rank and file to help them amid challenging times.
“Owing to continued low business levels and having considered all viable options over weeks of consideration and deliberations, we unfortunately must now make the extremely difficult decision to reorganize our workforce and operations in the Philippines as we continue to navigate an uncertain business environment,” said Rice on the letter.
The Shang-ri La Group stated that it will continue closely monitor global developments and look forward to reopening the property at a later date when business conditions have improved.
“In the meantime, our team on the ground are making the necessary arrangements. We are proud to have been a pioneer and a leading member of the community here in Manila and have consistently supported the growing hospitality industry and the community. We would like to sincerely thank you for your continued trust and enduring support of the Shangri-La Group over the years,” the letter read.