Starwood builds up business in China

02/22/2010 | Reuters

Starwood Hotels & Resorts, which draws 15% of its business from Asia, could raise that figure to about a quarter of the company's business in coming years, Chief Financial Officer Vasant Prabhu said. Asia could soon represent Starwood's largest market outside the U.S. The company has 50 hotels in China, and it plans to open another 50 to 70 properties.

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