(Bloomberg) -- Shangri-La Group will temporarily close its hotel in Makati City, the Philippines' main business district, amid continued movement restrictions due to Covid-19.
Shangri-La Makati will close from Feb. 1 as the hotel operator reorganizes its workforce and operations in the Southeast Asian nation due to “continued low business levels,” it said in a statement on Wednesday. It didn't say how many employees will be affected.
The Philippines, where Shangri-La operates six hotels, has been under varying degrees of lockdowns for 10 months. While mobility restrictions have eased from its strictest in March, many businesses continue to operate in limited capacity and the economy remains in recession.
Shangri-La said it will continue to “vigilantly monitor” developments and looks forward to reopening the hotel “when business conditions have improved.”
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