The company will relocate its global headquarters from the US to India in March 2015 for a month-long period as the company seeks to enhance its operations in India.
Starwood Hotels & Resorts Worldwide Inc will shift its global headquarters from the US to India in March 2015 for a month-long period as the company seeks to enhance its operations in the country, reports PTI.
Starwood President & CEO Frits Van Paasschen and the company's top executives will split their time between Mumbai and Delhi, conducting day-to-day business from India which has immense potential for outbound travel, Starwood Hotels & Resorts Worldwide.
"We all know of India as a hotbed of technological innovation and global services. Coupled with the rise in entrepreneurship and investment, millions of people are joining its middle class every year. And, of course, this means millions of new travelers,” Paasschen said.
During the India tenure, the Starwood team will travel to cities throughout India to meet with associates, customers, owners and prospective developers, including cities such as Bangalore, Chennai, Pune, Hyderabad, and Kochi.
The team is also planning to travel to neighbouring countries like Nepal, Bhutan, Sri Lanka, Bangladesh and Maldives where it sees new growth opportunities unfold.
"With South Asia as our home base, we'll be within a five-hour flight from nearly 40 per cent of our global pipeline for new hotels," Paasschen added. Starwood Hotels & Resorts Worldwide Inc has nearly 1,200 properties in 100 countries, and 181,400 employees at its owned and managed properties. The group currently operates 40 hotels in India with another 36 hotels under development.