Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced it is on track with plans to grow its existing portfolio of 26 hotels in India 60% by 2013."India is a key focus of our expansion efforts, in large part, because it is a market that today is relatively under-hoteled," said van Paasschen. "As a point of perspective, consider that India with a population of one billion people has just 100,000 hotel rooms, while New York City alone has roughly 80,000 hotel rooms."
Starwood's legacy in India began in 1973, when its Sheraton brand debuted in Mumbai. The company has since grown the portfolio to 26 hotels under its Westin, Sheraton, Four Points by Sheraton, The Luxury Collection and Le Méridien brands - making Starwood the largest upper-upscale and luxury US-based hotel operator.
Looking ahead, Starwood and its partners have another 15 hotels under development in India - including six Aloft hotels - three of which are slated to open this year.
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