Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Starwood Hotels To Strengthen Lead In Mexico & Expand Footprint By 30%

Starwood Hotels & Resorts Worldwide, Inc. (HOT: Quote) said it plans to expand its hotel portfolio in Mexico by 30 percent, stressing the important role the country plays in Starwood's Americas growth strategy and its prominence in the travel market worldwide.

Currently, Starwood has eight luxury hotels in Mexico, more than in any other Latin American market between its St. Regis, W and The Luxury Collection brands, and the firm would expand its luxury portfolio in the country by 50 percent over the next 3 years to meet increasing demand.

In next three years, Starwood would open four specialty-select brand hotels, including two new Aloft hotels in Merida, Guadalajara and two Four Points by Sheraton hotels in Queretaro and Cancun.

In order to deliver benefits beyond the guestroom to SPG members, Starwood also announced a global partnership with Aeromexico Club Premier, the frequent flyer program associated with Aeromexico, the national airline of Mexico. The new program would allow Club Premier Members to transfer points from their SPG account to their Club Premier accounts to convert them into Premier Kilometers.

Click here to receive FREE breaking news email alerts for Starwood Hotels & Resorts Worldwide Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. After showing a lack of direction throughout much of the previous session, stocks may move to the downside in early trading on Friday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 23 points. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.