Thursday, 16 June 2011

Starwood Hotels to construct 90 hotels in China

Starwood Hotels & Resorts Worldwide are focusing 30% of their worldwide expansion plans on China with 90 hotels currently under construction in the country.

The President and CEO Frits van Paasschen has said that: “The difference between China, more than anything else right now, is the absolute magnitude of the growth potential given the size of the economy in its trajectory of development. The growth of China’s economy and urbanization represents an enormous amount of demand.”

Mr. van Paasschen could well be expanding at just the right time as tourism has grown 11%  in 2010 to reach 2.1 billion together with the countries booming economy.

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