'Long Way To Go' For Starwood In Dubai, Says CEO | hoteliermiddleeast.com
Starwood Hotels & Resorts still has plenty of room for growth in major cities around the world,
including Dubai, according to CEO & president Frits van Paasschen.He was speaking during an earnings call after the company released its first quarter results, which
showed net income of US $137 million during the first three months of the year, or 72 cents a share.Although considerably down on the same period in 2013, when earnings hit US $213 million, or US
$1.09 per share, the figures were still well ahead of analysts’ expectations.