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A. Overview of Starwoods Hotels & Resorts Worldwide Inc.

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A. Overview of Starwoods Hotels & Resorts Worldwide Inc.
Starwood Hotels & Resorts Worldwide Inc. is one of the largest hotel companies in the world. It was originally formed by a real estate investment firm Starwood Capital under the name of Starwood Lodging and was run by the ambitious Barry Sternlicht. Later on Starwood Lodging came to be known as Starwood Hotels & Resorts Worldwide Inc after Barry Sternlicht stepped down as CEO. The company owns and operates hotels leading brands such as Sheraton, Westin, St. Regis, Four Points, and it’s recently developed W brand. The majority of Starwood's hotels are owned by franchisees, and the company directly owns or leases about 170 of its approximately 750 hotels worldwide. Nearly 500 of the …show more content…

1. Timeshare is a form of vacation property ownership where the use and costs of running the resort are shared among the owners. A typical timeshare offers a full condominium unit with all the necessities found in a condominium. Because of such a high demand for timeshares by family customers, timeshares are becoming more popular. However, timeshares are not a big threat to hotels and resort companies in this industry. In fact Starwoods has already started this timeshare business, and the business has been successful, taking advantage of these companies’ strong brand names and high reputations.

2. Cruises appeal to many travelers because they are considered all-inclusive vacations just like the resorts. However, cruises and resorts which provide all-inclusive vacation tend to include different amenities in the base price. For example, many resort packages include airfare and airport transfers, whereas cruise customers have to pay extra for them. Despite the fact that cruises may be less inclusive and therefore more expensive than a comparable resort vacation, they are great for travelers who want to explore several destinations and participate in a variety of activities. On the other hand, resorts offer the best value for relaxing vacations more than cruises. Therefore, all-inclusive resorts are a better option for travelers whose focus is on relaxing and drinking. In

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