Starwood States Plans To Double Footprint in Latin America
Wednesday May 15th, 2013 - 10:24AM B
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STAMFORD, CT—Starwood Hotels & Resorts Worldwide, Inc. announced its intention to increase its operating hotel footprint in Latin America by 50 percent during the next five years.
As such, the company plans to open an average of seven new hotels per year in the region. Starwood's CEO Frits van Paasschen and members of the company's senior executive team visited Latin America last week, traveling to key growth markets, including Brazil and Colombia.
Starwood currently has 72 hotels in 13 countries and a total of 15,600 rooms in the region. The company opened 13 hotels in the last two years, including its debut in Costa Rica with Westin Playa Conchal. In the remainder of 2013, Starwood expects to open six more hotels with a total of 1,100 rooms, covering four brands across four countries.
Tags: • Hospitality • Brands •
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.