Bussiness Free Essays

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. We will write a custom essay sample on Bussiness or any similar topic only for you Order Now Regis, The Luxury Collection, Sheraton, Westin, Four Points by Sheraton, W, Le Meridien, 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; â€Å"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. tml) 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 Resort makes it there goal to do so. Fritz Van Paasschen, has been Chief Executive Officer and President of the Starwood Hotels and Resorts Worldwide, Inc. since September 2007. Previously he served a s and CEO of Molson Coors Brewing Company’s largest division from March 2005 until September 2007. Vasant M. Prabhu Reports to Frits Van Paasschen as vice chairman and financial officer or Starwood Hotels and Resorts. Vasant is responsible for the accounting, tax, strategic planning, corporate development and risk management function of the corporation. Vasant has 20 years of experience and previously served as an executive vice president and chief financial officer for Safeway Inc. It is not nothing new for companies in the hospitality industry to give back to the community. Starwood hotel and Resorts is the world’s leading hospitality company with over 1128 properties in 100 countries represented by nine innovative brands and over 145,000 associates. With such breadth and verity it makes the Starwood hotels and resorts willing and ready to promote change around the world and they are committed to doing so. When it comes to social responsibility Starwood Hotels and Resorts   has other hotels beat in 2012 one of the Starwood store brands   the Sheraton Metechi palace Hotel received an award for the â€Å"World’s Leading CSR Programme†Ã‚     and that’s not the only time they were nominated for such rewards according to  http://www. worldtravelawards. om/profile-2434-starwood-hotels-resorts. Some CSR programs Starwood Hotels and Resorts are associated with; Starwood hotels and resorts has been charitable partner with UNICEF since 1995 and the program now operates in more than 210 of its hotels throughout world and has raised $13 million for UNICEF. Some 2012 CSR projects include Starwood’s employees fundraising campaign, the road to awareness, $320,000 was raised from the schools for Africa project and list goes on and on. Part Two Technological Opportunities Starwood Hotels Resorts Worldwide Inc. is the most global High-end hotel company in the world. Their strength lies in nine distinct lifestyle brands, an award-winning loyalty program and there more than 171,000 associates at their owned and manages properties. Starwood hotel and resort tries focusing on blending and mining there associates. They makes it a priority to maintain an associate and customer base as diverse as the world population. Our culture of diversity and inclusion has also been recognized by DiversityInc as one of the â€Å"Top 50 Companies for Diversity† and by the Human Rights Campaign as one of the â€Å"Best Places to Work for Lesbian, Gay, Bisexual and Transgender Equality†. 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 ser vices at stations threw out their hotels. Part Three Marketing Opportunities Starwood Hotels Resorts Worldwide, Inc. Plans to strengthening its position as the leading hotel operator across the Middle East and Africa (MEA) region with an existing portfolio of 82 hotels, representing nearly 22,000 guest rooms, the majority of which are operated under Starwood’s world-renowned Sheraton and Le Meridien brands. The company plans to increase its MEA portfolio by more than 60% with nearly 50 new hotels set to open over the next five years, adding more than 14,000 guest rooms to the region while creating thousands of local employment opportunities. With over 20 hotels expected to open by the end of 2015, Starwood is on track to reach a milestone 100 hotels across MEA. Further underscoring the importance of the region as one of Starwood’s fastest growing hotel and travel markets, earlier this month the company relocated its global headquarters from Stamford, Connecticut to Dubai for a month-long immersion. â€Å"Starwood continues to see demand for growth of all of our brands across the Middle East and Africa despite economic and political uncertainty in some parts of this incredibly diverse region,† said Frits van Paasschen, President and CEO, Starwood Hotels Resorts. Rapid economic growth, rising personal incomes, a growing middle class and ever greater global connectivity are driving new travel patterns and demand for travel, and this region is at the center of these trends and a key focus of our growth strategy. † According to http://www. starwoodhotels. com/corporate/about/index. html Part Four Recruitm ent Presentation At Starwood Hotels and Resorts Inc. they make it a mission to create opportunities for undergraduates and graduates across every area of their business. Through internships, externships, and management training programs they will teach you leadership and team’s skill. So position yourself for a rewarding career in hospility industry take it from me I only work at one of their location and actually started as an intern and now I am a supervisor. Making there recruitment overview to be right on target when they say â€Å"We advance. No matter where we go, we always move forward. We open new hotels and resorts and create more personal, global experiences for our guests. You can be a part of it all with our programs at our properties and corporate locations throughout the world in places such as China, the United States, Canada, Europe, Africa and the Middle East and South Asia. We inspire. We immerse you with people, places and practices that make up our thriving portfolio. You will experience firsthand the thrills of working with some of the most sought-after hospitality brands and leaders in the world. † Part Five Future Opportunities From the company’s luxury General Managers Summit in Dubai, Starwood Hotels ; Resorts Worldwide, Inc. NYSE: HOT) today announced its luxury footprint has nearly doubled worldwide in five years to meet growing global demand. Starwood is lengthening its lead in luxury hospitality with more than 160 hotels in 39 countries as part of The Luxury Collection, St. Regis and W brands, offering guests and residents personalized service and exceptional experiences around the world. Looking ahead, Starwood will add 50 luxury hotels in 12 new countries over the next five years. The General Managers Summit coincides with Starwood’s month-long relocation of its global headquarters to Dubai. Modern luxury has not replaced tradition; they sit at the same table, but in slightly different clothes† â€Å"We are on the cusp of a new golden age of luxury travel as technology and globalization drive new trade routes, capital flows and wealth creation,† said Frits van Paasschen, Starwood’s President and CEO. â€Å"Dubai is at the epicenter of this change and we are delighted to welcome our general managers from around the world to cultivate a deeper understanding of a new and growing luxury landscape. † According to www. starwoodhotels. com Starwood’s inaugural luxury General Managers Summit How to cite Bussiness, Papers