China syndrome hurts Starwood in Asia Pacific. ~ Friday, 2nd November 2012 from 4Hoteliers

CONCIERGE DESK

China syndrome hurts Starwood in Asia Pacific.
Friday, 2nd November 2012
Source : Martin Kelly

Growth at Starwood Hotels & Resorts' 210 Asia Pacific properties slowed dramatically in three months to September 30.

4Hoteliers Image Library A revenue per available room (revPAR) growing at 4.3% for the period compared with 9.3% for the previous quarter was recorded.

That regional slump is expected to continue and the company has cut its 2012 global revPAR forecasts as a result, citing a slowing China as a significant factor.

Full story:

www.traveltrends.biz/ttn555-china-syndrome-hurts-starwood-in-asia-pacific

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