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Growth at Starwood Hotels & Resorts" 210 Asia Pacific properties slowed dramatically in three months to September 30, with a revenue per available room (revPAR) growing at 4.3% for the period compared with 9.3% for the previous quarter. That regional slump is expected to continue and the company has cut its 2012 global revPAR forecasts as a result, citing a slowing China as a significant factor. Starwood now expects revPAR growth of 5% or 6% in 2012, revised down from earlier projections of 6% to 8%. In terms of its brands, Aloft was Starwood"s strongest performer during the quarter with revPAR growth of 8.7%, followed by W Hotels 6.7%, Westin 6.2%, St Regis 5.7%, Four Points by Sheraton 5.4%, Le Meridien 3.8%, and Sheraton 2.8%. |
