Starwood Hotels & Resorts Worldwide, Inc. today announced that it will relocate its global headquarters from the United States to India in March 2015 for a month-long immersion.
Starwood President & CEO Frits van Paasschen and the company’s top executives will split their time between Mumbai and Delhi, conducting day-to-day business from this important global destination with immense potential for outbound travel. Following the company’s relocations to China in 2011 and Dubai in 2013, this third leadership move underscores Starwood’s unique approach to cultivating a global culture and fostering relationships in key growth markets. van Paasschen said, “This is a particularly exciting time for us 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.
India is both unique and immensely diverse. Our extended time there will allow us to immerse ourselves and appreciate new approaches to the business of hospitality.” During the month, the team will travel to cities throughout India to meet with associates, customers, owners and prospective developers, including Bangalore, Chennai, Pune, Hyderabad, and Kochi, and also throughout South Asia to Nepal, Bhutan, Sri Lanka, Bangladesh and Maldives where Starwood is seeing many new growth opportunities unfold. van Paasschen added: “With South Asia as our home base, we’ll be within a five-hour flight from nearly 40% of our global pipeline for new hotels. As we look at these growth markets, we will explore how we create opportunities for the thousands of people who will enter the global workforce through Starwood.
We will also work to find ways for humans to coexist with nature while preserving it.” Starwood currently operates 40 hotels in India with another 36 hotels under development. Across South Asia, Starwood remains on track to reach its goal of 100 hotels under operation or development in the region by 2016. With new travel patterns and increasing interconnectivity, South Asia has emerged as the world’s second fastest growing market for inbound tourist arrivals. To meet growing demand, Starwood has signed seven deals this year in key cities across India such as Ahmedabad, Aurangabad, Pimpri Pune, and Delhi NCR, as well as in other parts of South Asia, including Kathmandu (Nepal) and Paro (Bhutan)
Starwood President & CEO Frits van Paasschen and the company’s top executives will split their time between Mumbai and Delhi, conducting day-to-day business from this important global destination with immense potential for outbound travel. Following the company’s relocations to China in 2011 and Dubai in 2013, this third leadership move underscores Starwood’s unique approach to cultivating a global culture and fostering relationships in key growth markets. van Paasschen said, “This is a particularly exciting time for us 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.
India is both unique and immensely diverse. Our extended time there will allow us to immerse ourselves and appreciate new approaches to the business of hospitality.” During the month, the team will travel to cities throughout India to meet with associates, customers, owners and prospective developers, including Bangalore, Chennai, Pune, Hyderabad, and Kochi, and also throughout South Asia to Nepal, Bhutan, Sri Lanka, Bangladesh and Maldives where Starwood is seeing many new growth opportunities unfold. van Paasschen added: “With South Asia as our home base, we’ll be within a five-hour flight from nearly 40% of our global pipeline for new hotels. As we look at these growth markets, we will explore how we create opportunities for the thousands of people who will enter the global workforce through Starwood.
We will also work to find ways for humans to coexist with nature while preserving it.” Starwood currently operates 40 hotels in India with another 36 hotels under development. Across South Asia, Starwood remains on track to reach its goal of 100 hotels under operation or development in the region by 2016. With new travel patterns and increasing interconnectivity, South Asia has emerged as the world’s second fastest growing market for inbound tourist arrivals. To meet growing demand, Starwood has signed seven deals this year in key cities across India such as Ahmedabad, Aurangabad, Pimpri Pune, and Delhi NCR, as well as in other parts of South Asia, including Kathmandu (Nepal) and Paro (Bhutan)