Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced its iconic Sheraton brand has reached the 100th hotel milestone in Asia Pacific with the opening of Sheraton Shantou Hotel in China. Owned by Logan Group, Sheraton Shantou Hotel is one of nearly 30 new hotels in Asia Pacific this year, highlighting the brand's remarkable growth trajectory in this rapidly developing region.
Other recent openings include Sheraton Shenyang South City Hotel in China and Sheraton Hua Hin Pranburi Villas in Thailand. "Sheraton has enjoyed phenomenal success in Asia Pacific where it has helped meet the tremendous demand for high-caliber lodging generated by the rising middle class," said Hoyt Harper, Global Brand Leader, Sheraton Hotels & Resorts. "Sheraton Hotels in China will account for nearly one third of the new hotels opening this year in Asia Pacific, but we are also picking up momentum in many other countries across the region such as India, Thailand and South Korea. The Sheraton brand's success in these fast-growing economies has helped lengthen Starwood's lead as the largest operator of high-end hotels in Asia Pacific." Sheraton boasts more than 100 hotels in operation and over 50 in the development pipeline in Asia Pacific, which is both its second-largest and fastest growing market. The Sheraton brand's propulsive growth across Asia Pacific is moving the brand closer to its target of opening its 500th hotel worldwide in 2016.
Other recent openings include Sheraton Shenyang South City Hotel in China and Sheraton Hua Hin Pranburi Villas in Thailand. "Sheraton has enjoyed phenomenal success in Asia Pacific where it has helped meet the tremendous demand for high-caliber lodging generated by the rising middle class," said Hoyt Harper, Global Brand Leader, Sheraton Hotels & Resorts. "Sheraton Hotels in China will account for nearly one third of the new hotels opening this year in Asia Pacific, but we are also picking up momentum in many other countries across the region such as India, Thailand and South Korea. The Sheraton brand's success in these fast-growing economies has helped lengthen Starwood's lead as the largest operator of high-end hotels in Asia Pacific." Sheraton boasts more than 100 hotels in operation and over 50 in the development pipeline in Asia Pacific, which is both its second-largest and fastest growing market. The Sheraton brand's propulsive growth across Asia Pacific is moving the brand closer to its target of opening its 500th hotel worldwide in 2016.