Frits van Paasschen, Chief Executive Officer of Starwood Hotels & Resorts Worldwide, was in Asia recently to review development in the region, one which he described as having a scale of development that’s unprecedented.
“During my six month tenure with the company, I’ve travelled to Asia twice, visiting 12 cities in five countries, underscoring the growth potential we see here,” said van Paasschen.
He said Starwood is growing at a “breathtaking rate” in Asia, signing 48 deals and opening 18 hotels last year. An additional seven deals are in the pipeline in the first two months of 2008 alone.
“The scale of development in this region is unprecedented and it’s vital to see the landscape firsthand,” he said.
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