Comments
With South Asia as the third largest market for Starwood Hotels and Resorts Worldwide, the hospitality group will relocate its global headquarters to India, from the US, for a month, the company said on Tuesday.
“In March, the company’s top executives will split their time between Mumbai and Delhi, conducting day-to-day business from here,” Starwood President & CEO Frits van Paasschen said in a statement.
This third leadership relocation, post the company’s successful stints in China (2011) and Dubai (2013), aims to foster relationships in key growth markets.
He added, “This is a particularly exciting time for us to relocate to India. Its renewed focus on travel infrastructure is much needed, as travel demand is fuelled by economic growth and a population expected to overtake China by 2030.”
During the month, the team will travel to cities throughout India to meet with associates, customers, owners and prospective developers, and also throughout South Asia to Nepal, Bhutan, Sri Lanka, Bangladesh and Maldives where Starwood is seeing many new growth opportunities unfold.
Starwood currently operates 40 hotels in India with another 36 hotels under development.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.