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The St. Regis Saadiyat Island Resort, Abu Dhabi The St. Regis Saadiyat Island Resort, Abu Dhabi

Starwood Enjoys an Excellent Year

In 2015, Starwood Hotels & Resorts Worldwide signed 220 hotel management and franchise contracts representing approximately 45,800 rooms. In addition to this during the year under review,

the hotelier opened 105 hotels and resorts with approximately 21,500 rooms.

Thomas Mangas, CEO, Starwood Hotels & Resorts Worldwide, said, “We had good momentum in our business throughout the year, with REVPAR index gains in each of our six global regions and a record-breaking year of growth where we signed more new deals and opened more hotels than in any single year in Starwood’s entire history, increasing our net rooms growth to 4.4 percent.”

Notably, in November 2015, the company agreed to be acquired by Marriott International through a merger that will create the world’s largest hotel company.