• China boost for Starwood

Starwood saw worldwide revpar up 4.7% in same store owned hotels, during the first quarter. Margins improved 150 basis points, while domestic revpar led with a 7.1% increase.

The company saw a strong improvement in China, helped by the Sheraton Macau coming on stream. During the quarter, Starwood signed 28 new hotels of which 5 are conversions. It opened 10 new hotels and dropped 5 from the portfolio.
Read the full story here:
http://starwood.q4web.com/files/doc_financials/quarterly/2014/2014-1Q%20HOT%20Earnings%20Release%20&%20Facts%20Pack%20-%20Final.pdf

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