Starwood has unveiled plans to open 30 Sheraton
hotels over the next 12 months, with half of the new Sheraton
hotels to open in China.
Sheraton is also picking up momentum in several
other emerging markets including Latin America, the Middle East
and Turkey.
"Sheraton is anticipating record-breaking
growth, putting us on track to open our 500th hotel in 2015. The
majority of our new hotel development is taking place in the
world's fast-growing economies, while in North America, Sheraton
remains one of the most sought-after brands for conversion
opportunities," said Hoyt Harper, Global Brand Leader for Sheraton Hotels & Resorts. "Our portfolio is stronger than ever following
our highly successful brand-wide revitalization and multi-billion
dollar investment to enhance the Sheraton brand over the past
several years."
One of Every Two New Sheratons will Open
in China
Sheraton is slated to open 15 new hotels across
China over the next 12 months, moving it closer to its target of
80 properties in this vast market by the end of 2015.
One of the
more notable openings this year is Sheraton Huzhou Hot Spring
Resort, which boasts an innovative ring-shaped structure designed
by leading-edge architect Ma Yansong.
"The Sheraton growth
trajectory in China has been nothing short of remarkable. For the
fourth year in a row, Sheraton will open approximately half of its
new hotels in China and demand continues to grow especially in
second and third tier cities," said Harper. "We are also proud to
add Sheraton Huzhou Hot Spring Resort to our growing portfolio of architecturally unique hotels in Asia Pacific."
Emerging Markets
In addition to the flurry of new hotel openings in China, Sheraton
is also growing its portfolio in other fast-growing markets within
Asia Pacific.
New openings this year will include Sheraton New
Caledonia Bourail Resort and Spa in New Caledonia and Sheraton
Chandigarh Hotel in India.
"Sheraton is renowned as a
global hospitality icon and the brand's early entry into markets
around the world is continuing to pave the way for future growth
not only for Sheraton, but also for Starwood's other eight
sought-after brands," said Simon Turner, President of Global
Development for Starwood. "The quality of the Sheraton hotel
portfolio and pipeline is the strongest it has ever been and we
look forward to ongoing expansion in both emerging and developed
markets."
The brand's portfolio in Africa and the Middle
East will expand over the next 12 months with the addition of four
new hotels including the fourth Sheraton in Saudi Arabia - Sheraton
Medina Hotel, Sheraton Dubai Mall of Emirates and the first in Tajikistan - Sheraton Dushanbe Hotel. Sheraton will also open two
new hotels in Turkey, Europe's fastest-growing market, in the
cities of Adana and Bursa.
The Americas
One of the most promising growth markets for Sheraton is
Latin America, which boasts several of the world's fastest growing
economies.
This year's openings will include Sheraton Tucuman
Hotel - the brand's ninth hotel in Argentina.
Sheraton is also
increasing its footprint in Brazil as the country ramps up
infrastructure development ahead of the 2014 FIFA World Cup and
2016 Summer Olympics.
Following the opening of Sheraton Vitória in
2012, the brand will open Sheraton da Bahia Hotel in Salvador this
year and Sheraton Reserva do Paiva Hotel & Convention Center,
which is located 30 minutes from Recife, in early 2014.
Sheraton continues to capture conversion opportunities in cities
across North America. Over the next 12 months, Sheraton will
re-brand hotels in a number of key cities throughout the U.S..
ATF,
Vientiane,
Laos,
Starwood,
Sheraton
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