BIZCHINA / Overseas Investment
Starwood plans to triple China presence
(Shanghai Daily)
Updated: 2007-03-29 14:31
Starwood Hotels & Resorts Worldwide yesterday said it plans to triple its
China presence in the next few years, as demand from domestic and
international travelers remains robust.
The US hotelier, which opened its 21st Sheraton hotel in Shanghai's
Pudong New Area yesterday, will add eight more hotels in the country this
year.
"We hope to bring all our nine brands to the China market and increase
total portfolio to 100 by 2010," said Qian Jin, senior vice president for
Starwood's China operation. "The new hotels will be located in both
first- and second-tier cities."
Starwood now operates 34 hotels and has another 37 facilities under
construction nationwide under six brands including St Regis, Sheraton,
Westin, Four Points by Sheraton, Le Meridien and Aloft.
Around the globe, the hotel giant also operates facilities under The
Luxury Collection, W and Element.
(For more biz stories, please visit Industry Updates)
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