Frits van Paasschen
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Starwood Occupancy, Rates On The Rise
… room increased by 10.4 percent worldwide, and by 11.1 percent in North America. Starwood president and CEO Frits van Paasschen said that for the first time since the downturn, rate played as big as a role as occupancy in RevPAR growth. Van …
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BTN's 2011 U.S. Hotel Chain Survey
… insurance giant held at a St. Regis property shortly after receiving federal bailout money—is beginning to fade. Frits van Paasschen , president and CEO of St. Regis parent company Starwood Hotels and Resorts Worldwide, said at January's Americas …
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Starwood Expects Rate Hikes To Power 2011 Growth
… S. hotel industry appears to be "on the verge of a multiyear surge in rates," Starwood Hotels & Resorts CEO Frits van Paasschen today said as the company reported that 2011 corporate rate negotiations are about three-quarters complete. In …
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A 'Permanent Refocus' Directs Hotel Growth To Middle East, India And China
As hotel developers increasingly shift their focus outside the United States, U.S. hotel construction has reached its lowest level in more than a decade.In fact, the actual number of hotel projects under construction in the United States at the end of the third quarter, 487 properties totaling
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Hotels Bullish After Corporate Demand Boost Fuels Solid Q3
… lodging recovery continues unabated by the Euro crisis, U.S. economic jitters or malaise in Japan," said CEO Frits van Paasschen during an Oct. 28 conference call. "With occupancy rising at or above 2007 levels, it's no surprise rates …
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2010 NBTA Convention Reporter's Notebook: Optimism Hot In Houston
… global recession from which economies continue to recover. Starwood Hotels & Resorts Worldwide president and CEO Frits van Paasschen said he sees the very discipline in corporate spending that helped companies navigate the recession as an inhibitor …
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Hotel Rate Talks To Toughen
… in major markets such as New York, Chicago and Los Angeles, NYU’s Hanson said. Starwood president and CEO Frits van Paasschen said that during June, midweek occupancy levels topped 90 percent for the company’s properties in New York …
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Hotel Occupancy On The Rise, But Rates Still In Decline
… moved through the first quarter, allowing us to beat expectations on robust, top-line growth," Starwood CEO Frits van Paasschen said. "Most encouraging for us were occupancy gains led by the luxury market." Average daily rates were down …
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Starwood To Move Headquarters to Connecticut
… home to such major employers as Pitney Bowes and Deloitte & Touche. In a statement, Starwood president and CEO Frits van Paasschen cited cost savings and the environment as reasons for the relocation. "Not only did the State of Connecticut provide …
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2010 Budget: Air Up, Hotel Down
… rate in a larger market, but they will be able to drive some additional benefit." Starwood Hotels & Resorts CEO Frits van Paasschen said that while he sees something of a rebound in business travel coming in 2010, the recovery would probably not …
