Cover Mongolia CEO comments on Shangri-La Hotel opening

 June 3rd, 2015      168

Shangri-La Opening Affords Ulaanbaatar a Taste of Luxury

by Michael Kohn

June 3 (Bloomberg) Six years after construction began, Shangri-La Hotels and Resorts opened its first property in Mongolia Wednesday to target business travelers seeking opportunities in the nation’s nascent mining economy.


The Shangri-La opening “is a welcome symbolic event, coinciding with the turn of Mongolia’s fate,” said Munkhdul Badral, head of market intelligence firm Cover Mongolia.


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