Tourism Industry News
Sheraton Plans To Double India Footprint
Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) continues its expansion in India and Asia Pacific, today announcing an agreement with Joy Hotel and Resorts Private Limited to manage the Sheraton Chandigarh Hotel. Scheduled to open in 2012, the new-build Sheraton underscores the brand’s steady and strategic growth in India where there are currently four Sheraton hotels open, with plans to double the brand’s footprint in the next three years.
Sheraton, Starwood’s largest and most global brand, is actively expanding its portfolio in key markets across the globe. Last year, the brand added 26 best-in-class hotels to its portfolio, and this year expects to open 18 hotels. In 2009, new properties are slated to debut in high profile destinations like Nha Trang, Vietnam; San Juan, Puerto Rico; Guangzhou, China; Yilan, Taiwan; Istanbul, Turkey; and Brooklyn, New York.
“Known as ‘The Beautiful City,’ Chandigarh has established itself as the commercial hub of North India and is rapidly emerging as a leading information technology center,” said Don Elliott, Regional Vice President for Starwood Hotels & Resorts Worldwide, Inc. in India, Bangladesh and Nepal. “The exceptional urban infrastructure and relatively limited supply of international hotel brands in the area represent great opportunities for us."
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