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Starwood Hotels Announces 2010 Employment Forecast
"Today, the travel industry employs 7.7 million Americans - more than double that of the auto industry - and travel is uniquely positioned to create even more jobs as the economy continues to recover," said Frits van Paasschen, President and CEO of Starwood. "After a year of hunkering down and cutting costs, companies are driving their topline again. By definition this means getting back on the road, which not only benefits their own business, but also helps spur job creation."
The majority of the new jobs will be created through the 80-100 new hotels Starwood and its development partners are slated to open this year globally. These hotels, which span Starwood's nine brands, will be located in key urban markets like New York City and Los Angeles, as well smaller markets like Biloxi, Miss. and Kalamazoo Mich. Hotels will offer a range of positions including general management; human resources; food and beverage; engineering and maintenance; housekeeping; spa and guest services.
Upcoming hotels now hiring or soon to begin include The Westin Austin at The Domain; Sheraton Brooklyn New York Hotel; W Hotel & Spa - Vieques Island, and the Four Points by Sheraton Biloxi Beach Boulevard. Individuals interested in pursuing a career at Starwood and one of its hotels can visit www.starwood.jobs. Candidates can also go to http://new-hotels.starwoodpromos.com/ to learn about opportunities and contact information at specific hotels.
These jobs are expected to be in high demand as in 2009 Starwood's hotels have seen record numbers of applicants. For example, at the soon-to-open W Hollywood Hotel & Residences, more than 10,000 people applied for its 400 positions. More than 10,000 people applied for 300 positions at the recently opened W Washington D.C. And at the Sheraton Augusta Hotel in Georgia, which opened in December, more than 400 individuals applied for its 30 housekeeping positions.
Note: This press release contains forward-looking statements within the meaning of federal securities regulations. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties and other factors that may cause actual results to differ materially from those anticipated at the time the forward-looking statements are made. Further results, performance and achievements may be affected by general economic conditions, including the duration and severity of any global or regional economic downturns, the availability of financing alternatives at acceptable terms, the impact of war and terrorist activity, business and financing conditions, foreign exchange fluctuations, cyclicality of the real estate (including residential) and the hotel and vacation ownership businesses, operating risks associated with the hotel, vacation ownership and residential businesses. These risks and uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Further, there can be no assurance that agreements will be entered into for the hotels in the Company's pipeline and, if entered into, the timing of any agreement and the opening of the related hotel. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Starwood Hotels & Resorts Worldwide, Inc.
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