Business travel will drive hotels' success, Starwood CEO says:

02/2/2012 | Reuters

The hotel industry will continue to benefit from steady demand from business travelers despite economic concerns over China's slowing growth and the euro zone's debt troubles, said Frits van Paasschen, CEO of Starwood Hotels & Resorts Worldwide. "Even though the headlines continue to be gloomy ... the fact of the matter is that the customer base that we continue to address are more optimistic," he said.

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