Starwood Selects MEGA for Risk Management Program
Tuesday October 29th, 2013 - 10:23AM MB
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BOSTON—Starwood Hotels & Resorts Worldwide, Inc. has selected MEGA software solutions for its enterprise risk management (ERM) program.
Starwood will use this initiative to implement the most recent best practices in risk management and establish processes to deal with emerging risks. MEGA’s software links information on risk management with data on other corporate business processes, providing a comprehensive view of the company’s infrastructure and facilitating better risk and business optimization decisions.
“We believe enterprise risk management can convert risks into opportunities,” Mark Reiss, senior director, Enterprise Risk Management, Starwood Hotels, said in a statement. “We expect this expanded ERM program to help us identify and test current risks and deal with emerging risks.”
Tags: • Hospitality • Brands • Operational •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.