Starwood has big expansion plans for Asia as U.S. market slows

02/22/2008 | Guardian (London), The

Starwood Hotels & Resorts Worldwide has aggressive expansion plans for Asia, with at least 30 hotels a year planned in China over the next three years. The chain, which has 41 hotels in China, says its system revenue from Asia equals $2.6 billion, and the figure is expected to increase by up to 20% a year over the next five years, said the company's Asia Pacific president, Miguel Ko.

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Guardian (London), The

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