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Article: Starwood Poised to More Than Double Its Presence in China to 100 Hotels by 2012.
- Article from:
- Business Wire
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Starwood Continues to Build on Its Lead as the Hotel Industry's Most Global Company, Opening Its 50(th) Hotel in China and Signing 18 New Deals There in 2009
HONG KONG -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announces the recent opening of its 50th hotel in China - the Sheraton Jinan Hotel. The opening reinforces Starwood's leadership position in China where it has signed 18 new deals in the past 10 months and remains on track with plans to double its presence by 2012.
"In a few short years, China will be one of the world's largest outbound tourism markets with the Chinese generating more than 100 million outbound trips a year - ...