Retail in Asia

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Sheraton to open 20 hotels this year; 12 in China

Starwood Hotels & Resorts Worldwide Inc. plans to open 20 Sheraton-branded hotels this year that will operate in China, the Middle East and Eastern Europe.

The plans include 12 new hotels in China, which will bring the number of Sheratons there to 80 by 2015. Starwood expects to open its 100th hotel in China this year. About 40 percent of all future Starwood hotels in the country are expected to be run under the Sheraton name.

Starwood’s growing presence in China and other emerging markets resulted in nearly 21,000 room openings last year – the most in the Stamford, Conn., company’s history.

(Source: CNBC)