Starwood eyes Asia Pacific for 2012 growth

01/23/2012 | Nasdaq.com

Starwood Hotels & Resorts Worldwide is looking to open 80 new hotels in 2012, with about 60% of these properties in the Asia-Pacific region. Starwood has named China as the primary driver of growth in the region and says that about 35 of its new properties this year will be there. In addition, the company says it will place more than 60% of the new hotels in the luxury and upper-upscale segments as it nears the 150th luxury-hotel mark this year.

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