Starwood Hotels CFO: Middle East Turmoil 'Hurting Our Business' | wsj.com
Escalating political turmoil and violence in the Middle East is blemishing a robust lodging recovery in global markets for Starwood Hotels & Resorts Worldwide Inc. (HOT). The company, which swung to a profit in the fourth quarter, said the Middle East and Africa were the only regions that haven't fully recovered from one of the worst brutal downturns in the hotel industry.