Starwood Hotels & Resorts Worldwide, Inc. in the recent press release named Ukraine one of the key emerging markets for hotel business development. Due to the upcoming economic boost, the company plans to expand its operations in the Commonwealth of Independent States (CIS) countries, including Ukraine. Over the next three years, Starwood will more than double its portfolio in the region with seven new hotels.The company stated that in the next couple of years more than 70 percent of economic growth in the world will be associated with the fast-growing emerging markets and Starwood would be focusing on expanding its operations in such countries.
In November, 2013 the company plans to open its first hotel in Kyiv - Sheraton Kyiv Olympiysky. The new 196 rooms venue will be located on Troyitska Square in front of the central sports arena of Ukraine - Olympiysky stadium, which recently hosted the EURO 2012 football championship. In preparation for the EURO 2012, Ukraine opened and renewed more than 290 hotels in four host-cities: Donetsk, Kharkiv, Kyiv and Lviv. One of Europe's most important sporting events has attracted more than 1 million additional foreign visitors to Ukraine. The country's hotel industry saw an increase in business of nearly 30 percent. Notably, the first high-end hotel opened by Starwood in Ukraine was the Four Points by Sheraton Zaporizhzhiain 2011.
For more information on Sheraton Kyiv Olympiysky, please visit: http://www.starwoodhotels.com/sheraton/property/overview/index.html?propertyID=3742
Starwood Hotels & Resorts Worldwide, Inc. (headquartered in Stamford, Connecticut, USA) is one of the leading hotel and leisure companies in the world with 1,112 properties in nearly 100 countries and 154,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and ElementSM. For more information, please visit http://www.starwoodhotels.com.