Archive for February 23rd, 2010

Starwood Hotels has Plans for Expansion

Tuesday, February 23rd, 2010

Starwood Hotels & Resorts announced plans to expand further into China at the Reuters Travel and Leisure Summit in NYC just recently. They plan to eventually see as much as 25% of their annual earnings coming from Asian markets.

The company curently has about 50 hotels in China already. They plan to add another 50 or more over the next few years, making the Asian market larger than its USA market. Fears about the US market not growing are spurring the changes.