Access the main content

News

Starwood Hotels & Resorts reinforces its presence in Latin America

The hotel group wants to augment its portfolio by 50% in the region over the next five years, with an average of seven hotel openings per year.

Starwood Hotels & Resorts wants to become a major actor of the Latin American hotel scene, by increasing its portfolio in the region by 50% over the next five years. The hotel group's goal is to open seven hotels on the continent per year on average. Il There, it has a current pipeline of 19 hotels under development, representing 3 200 rooms, and plans to open six hotels (1 100 rooms) between now and the end of 2013.

"Macro-economic trends continue the economic and touristic landscape in Latin America, creating a strong growth in demand for lodging and many opportunities to develop in the region for Starwood. What's more, The Latin American middle class has grown by 50% over the course of the 10 past years, meaning that more and more people have the means to travel today", stated Frits van Paasschen, P-dg of Starwood Hotels & Resorts.

Starwood already has a portfolio of 72 hotels in the region, for 15 600 rooms, spread over 13 Latin American countries. Since 2007, the group has increased its presence in this zone by 36%.
Loading...

Vous avez consulté 10 content. Go back home page or en haut de la page.

Access next article.

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?