Starwood CEO says economic recovery helping bookings

11/30/2009 | Travel Weekly

Frits van Paasschen, CEO at Starwood Hotels & Resorts, says that he's seeing indications of improvement in meetings and convention bookings. "In the last four or five months, people have recognized it doesn't look like we as an economy are going to swerve into the abyss," van Paasschen said. He also discusses the luxury market, conversions of distressed hotels and the sale of Starwood's Bliss Spa to Steiner Leisure.

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