logo
Share SHARE
FONT-SIZE Plus   Neg

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

Starwood Hotels & Resorts Worldwide, Inc. (HOT) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet. Set-top box maker TiVo Inc. (TIVO), Tuesday reported a slight drop in profit for the first quarter despite an increase in revenue, as its bottom line was impacted by a one-time interest expense. Nevertheless, both earnings and revenues for the quarter trumped Wall Street estimates, on subscription growth,... Cloud-based human resource software maker Workday, Inc. said Tuesday after the markets closed that its first quarter net loss widened from last year, as higher costs and expenses more than offset a 57% increase in revenue. However, the company's adjusted loss per share was smaller than what analysts estimated and its quarterly revenue topped analysts' forecast.
comments powered by Disqus
Follow RTT