Starwood Hotels & Resorts Worldwide, Inc.
News and overview for Starwood Hotels & Resorts Worldwide, Inc.
Starwood second-quarter profit higher due to Italian tax credits
AH&LA SmartBrief | 123 days 4 hours 32 minutes ago
Starwood Hotels & Resorts Worldwide Inc. exceeded analysts' expectations by posting a second-quarter profit of 28%. Revenue for same-store hotels slid 27.7% worldwide and 25.4% in North America, but tax incentives in...
Starwood plans St. Regis hotel in Bermuda
AH&LA SmartBrief | 145 days 4 hours 32 minutes ago
Starwood Hotels & Resorts Worldwide Inc. says it plans to build a new St. Regis hotel in the Bermuda capital of Hamilton, representing the first luxury hotel to open...
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Company Overview
| Company: | Starwood Hotels & Resorts Worldwide, Inc. |
|---|---|
| Industry: | Upscale & Luxury Hotels |
| Website: | http://www.starwoodhotels.com |
Starwood Hotels & Resorts Worldwide knows how to shine a light on hospitality. The company is one of the world's largest hotel and leisure companies, with about 950 properties in some 100 countries. Its hotel empire consists of luxury and upscale brands such as Four Points, Sheraton, and Westin. Starwood operates 70 high-end resorts and hotels through its St. Regis and Luxury Collection, while its chain of about 20 W Hotels offers ultra-modern style for sophisticated business travelers. Other brands include Le Méridien, Aloft, and Element. In addition, the company's Starwood Vacation Ownership subsidiary operates nearly 30 time-share resorts.
Key Numbers
| Sales in U.S. Dollars (mil.) | 5,907 (2008) |
|---|---|
| One-year % Growth in Sales | -4.0 (2008) |
| Net Income in U.S. Dollars (mil.) | 329 (2008) |
| One-year % Growth in Net Income | -39.3 (2008) |
| Number of Employees | 145,000 (2008) |
| One-year % Growth in Number of Employees | -6.5 (2008) |
| Fiscal Year-End | December |