International hotel chain, Starwood Hotels and Resorts Worldwide, is to relocate its global headquarters from Stamford in the US to Dubai.
During the month-long relocation 200 Starwood executives and GMs from the US, Europe, Asia and Latin America will travel to Dubai.
Starwood says its will take advantage of Dubai’s location for business travel to destinations such as Mumbai, Kuwait, Jeddah and Dushanbe.
“With 80 per cent of Starwood’s pipeline coming from rapidly growing markets, it is simply not possible to lead a truly global business from a boardroom in Connecticut,” Starwood President and CEO, Frits van Paasschen, says. “Rising wealth and ever greater global connectivity are creating a once-in-a-lifetime growth opportunity for our business; by fueling new demand, changing travel patterns, and entirely new travel markets.
“Dubai epitomises this changing face of travel, and we expect this relocation will deepen our relationships with partners, associates and customers,” he adds.
Starwood also cites the fact Dubai now home to many multinational corporations, consultants, banks and university campuses as a reason to move headquarters.
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