http://www.breakingtravelnews.com/n...esorts-to-double-portfolio-in-russia-and-cis/ Starwood Hotels & Resorts is planning to expand its portfolio throughout Russia and the Commonwealth of Independent States (CIS). Over the next three years, Starwood will more than double its portfolio in the region with seven new hotels, including the debut of the Aloft brand in Russia with the new Aloft St. Petersburg. Emphasizing the importance of the region as one of the world’s fastest-growing hotel and travel markets, CEO Frits van Paasschen and members of Starwood’s senior executive team visited Russia this week, travelling to key growth markets, including Moscow, St. Petersburg, Sochi and Rostov-on-Don. “As one of the world’s fastest-growing outbound travel markets, Russia represents a great opportunity for us,” said Frits van Paasschen, President and CEO, Starwood Hotels & Resorts. “With a rising middle class, growing disposable income, an affinity for luxury brands and huge pent-up demand for foreign travel, Russia is emblematic of the growth we are seeing in regions around the world and key to our global growth plans.” Read More: http://www.breakingtravelnews.com/n...esorts-to-double-portfolio-in-russia-and-cis/
