Starwood Hotels and Resorts Worldwide, Inc.: Business Analysis
Part one
Excuative Summary
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,000 properties in 100 countries and approximately 145,000 employees at its owned and managed properties.
Starwood Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W, Le Méridien, Aloft, and Element. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. Starwood hotels and resorts offer an array of innovative services to meet the needs of guest, and business traveler. Including high speed internet throughout all of their hotels, two-line telephones in the guest rooms, and fax and print services at stations threw out their hotels. In 2011 the company posted revenues of $5,624,000,000. In 2006, it had sales of nearly $6 billion and profits of $1 billion.
Starwood Hotels and Resorts has six core value that they follow; Trust, Respect, Callaboration, Innovation, Accountability, and Execution. With these values Starwood Hotels and Resorts uses these core values and its mission statement to serve as a blueprint for what they will accomplish. Starwood Hotels and Resorts mission statement is as follows; “Create the most successful branded, global, lifestyle Hospitality Company by ensuring that trust and respect, for our associates and guests, are at the forefront of everything we do. We are committed to re-imagining our business with creativity and innovation, resulting in exciting, fun workplace.”(http://www.starwoodhotels.com/corporate/careers/believe/values.html) Starwood Hotels and Resorts mission statement focuses on creating a great hospitality company for their employees and their guest. CEO Fritz Van Passchen and CFO Vasant M. Prabhu of Starwood Hotels and
Excuative Summary
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,000 properties in 100 countries and approximately 145,000 employees at its owned and managed properties.
Starwood Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W, Le Méridien, Aloft, and Element. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. Starwood hotels and resorts offer an array of innovative services to meet the needs of guest, and business traveler. Including high speed internet throughout all of their hotels, two-line telephones in the guest rooms, and fax and print services at stations threw out their hotels. In 2011 the company posted revenues of $5,624,000,000. In 2006, it had sales of nearly $6 billion and profits of $1 billion.
Starwood Hotels and Resorts has six core value that they follow; Trust, Respect, Callaboration, Innovation, Accountability, and Execution. With these values Starwood Hotels and Resorts uses these core values and its mission statement to serve as a blueprint for what they will accomplish. Starwood Hotels and Resorts mission statement is as follows; “Create the most successful branded, global, lifestyle Hospitality Company by ensuring that trust and respect, for our associates and guests, are at the forefront of everything we do. We are committed to re-imagining our business with creativity and innovation, resulting in exciting, fun workplace.”(http://www.starwoodhotels.com/corporate/careers/believe/values.html) Starwood Hotels and Resorts mission statement focuses on creating a great hospitality company for their employees and their guest. CEO Fritz Van Passchen and CFO Vasant M. Prabhu of Starwood Hotels and