Starwood To Relocate Headquarters To India For One Month - Quick Facts

(RTTNews) - Starwood Hotels & Resorts Worldwide Inc. (HOT) announced it will relocate the company's global headquarters from the U.S. to India in March 2015 for a month-long immersion. Following the relocations to China in 2011 and Dubai in 2013, this is the company's third leadership move.

Over the course of the relocation, Starwood executives from around the globe will conduct business in India. The company's President & CEO Frits van Paasschen and the company's top executives will split their time between Mumbai and Delhi. During the month, the team will travel to cities throughout India to meet with associates, customers, owners and prospective developers, and also throughout South Asia to Nepal, Bhutan, Sri Lanka, Bangladesh and Maldives.

The company's CEO, van Paasschen, said: "This is a particularly exciting time for us relocate to India. Its renewed focus on travel infrastructure is much needed, as travel demand is fueled by economic growth and a population expected to overtake China by 2030. Our extended time there will allow us to immerse ourselves and appreciate new approaches to the business of hospitality."