Starwood Unveils Growth Plans for 2013


starwoodBuilding on its 2012 momentum with the most hotel deals signed since before the global economic crisis, Starwood Hotels & Resorts has said it anticipates a strong year of openings and new hotel agreements signings in 2013. Consistent with macroeconomic growth trends, nearly two-thirds of Starwood’s new hotels in 2013 will open in fast-growing markets. Starwood plans to open its first property in Tajikistan, while also expanding further in such important markets as Peru, Brazil, Mexico, Panama, Malaysia, Singapore, Thailand, Vietnam, Bangladesh, Hungary, Turkey and Saudi Arabia, as well as perennial growth markets like China and India.

The company said it will also continue to focus on identifying the right partners for continued development in Brazil, Russia and throughout sub-Saharan Africa.Asia remains a high priority market for Starwood, accounting for approximately 25% of Starwood’s existing hotel rooms and over 50% of Starwood’s pipeline.

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