STAMFORD (Connecticut): Emerging markets now account for nearly 70% of Westin
development pipeline, according to Starwood Hotels & Resort Worldwide
Inc.
The demand is fuelled by accelerating demand in China and India,
where rising wealth and rapid urbanisation have generated a fierce appetite for
strong global brands, said Simon Turner, president of Starwood Global
Development in a press statement recently.
“The opening of The Westin
Chongqing marks the Westin brand’s debut in this important economic hub in
southwest China and offers travellers an ideal location in the city’s central
business district,” said Turner.
Westin Chongqing is located in
Chongqing Liberation Square in Chongqing, China.
Starwood expects the
Westin portfolio in China to surpass 20 hotels including debuts in several other
new markets, such as Zhujiajian in Zhoushan, Qingshui Bay and Haikou in Hainan
by year-end. The Westin portfolio in China will see an increase of almost 50%
with 11 new hotels.
The Westin will also open The Westin Delhi North
Capital Region Noida next year, on track with its aim to increase its portfolio
in India by 50%.
The group is expected to open nine new Westin hotels
worldwide in 2014 and another 30 by the end of 2016, with almost half of the new
hotels in Westin’s fastest-growing region, the Asia Pacific.
“The Westin
brand has built a strong foundation and following in established markets over
the last decade, and the fact that we have opened our 200thWestin in China is
illustrative of the phenomenal demand we are now experiencing in the Asia
Pacific, as well as our strong local teams in dynamic markets worldwide,” added
Turner.
Starwood is also looking to expand in Indonesia from one to three
hotels in the next two years. Westin Ubud Resort & Spa is set to open in
Bali later this year and the brand will debut The Westin Jakarta next
year.
Westin will also continue to reignite in markets across the Asia
Pacific with the brand’s return to Singapore last November after a 12-year
absence and is looking to re-enter the Philippines in 2016.
In the Middle
East, Westin is expanding rapidly and will triple its portfolio by 2016 with the
addition of five new hotels in markets including Saudi Arabia, Jordan and the
United Arab Emirates.
This article first appeared in The Edge
Financial Daily, on July 11, 2014.
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