This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Grand Deluxe Room At The St. Regis Chengdu (Photo: Business Wire)

On the heels of the International Luxury Travel Market in Shanghai, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that its luxury portfolio, comprised of the St. Regis, The Luxury Collection and W Hotels brands, will open four new hotels in China by the end of 2014, including The St. Regis Chengdu; The Azure Qiantang, a Luxury Collection Hotel, Hangzhou; The Castle Hotel, a Luxury Collection Hotel, Dalian; and W Beijing - Chang’an.
Exterior rendering of the W Beijing - Chang'an (Photo: Business Wire)

Exterior rendering of the W Beijing - Chang'an (Photo: Business Wire)

“The rapid growth of Starwood’s luxury brands in China reflects a robust demand for high-end hospitality from an increasingly affluent market, where domestic travel continues to thrive,” said Paul James, Global Brand Leader, St. Regis, The Luxury Collection and W Hotels Worldwide. “This year, we are thrilled to open four luxury hotels in distinct Chinese destinations for a new generation of global guests, who are more often traveling across our luxury portfolio.”

Robust Demand for World-Class Luxury Accommodations

This year, Starwood is on track to open more than 20 hotels across its nine brands in the region, including four openings from its luxury portfolio. In the past three years, Starwood doubled its luxury footprint in China, and the figure is expected to double again by the end of 2015.

W Hotels, which made a landmark debut in mainland China with W Guangzhou last year, will open its new, highly anticipated flagship property in Beijing this year with W Beijing - Chang’an. Further plans to debut the W brand in China include: Changsha, Chengdu, Macau, Shanghai and Suzhou. St. Regis will build on its well-established presence in China with the opening of The St. Regis Chengdu later this summer, along with new hotels in Changsha, Haikou, Lijiang, Macau, Nanjing, Sanya and Zhuhai in the next three years. In addition to The Castle Hotel, A Luxury Collection Hotel, Dalian and The Azure Qiantang, A Luxury Collection Hotel, Hangzhou, Starwood plans to expand the presence of The Luxury Collection brand in Nanning, Xiamen, Nanjing and Suzhou.

Starwood’s growing portfolio of luxury brands is well aligned with the demand for internationally branded, luxurious accommodations from an increasingly affluent Chinese market, where domestic travel continues to grow. China’s inbound travel market also fuels this demand. The country currently ranks third in the world’s most popular destinations, following France and the United States, as reported by United Nations World Tourism Organization. In an attempt to attract more foreign travellers, China now features eight cities with a 72-hour visa-free policy, including Beijing, Shanghai, Guangzhou, Chengdu, Chongqing, Dalian, Shenyang and Xi’an.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,757.00 +5.61 0.03%
S&P 500 2,107.29 -1.28 -0.06%
NASDAQ 5,128.1490 +16.4160 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs