Powering ahead in Asia Pacific, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced it has surpassed the 200th hotel milestone with a flurry of recent openings in China, India, Thailand and Malaysia. Starwood continues to widen its lead as the largest operator of four and five star hotels in Asia Pacific with plans to reach over 320 hotels by 2014.
“The opening of our 200th hotel in Asia Pacific underscores the vitality of this market and its importance to our future growth,” said Frits van Paasschen, President & CEO of Starwood Hotels & Resorts Worldwide, Inc. “Demand for our high-caliber brands continues to soar across Asia’s many dynamic markets, driven by phenomenal economic growth and significant increases in outbound travel, particularly from China and India.”
Asia Pacific is Home to Starwood’s Highest, Largest and Tallest Hotels
Starwood’s diverse portfolio in Asia boasts several record-setting properties including its highest, … Read the rest