Starwood is one of the world's largest hotel and leisure companies. They conduct their hotel and leisure business both directly and through their subsidiaries. Through their brands, they are well represented in most major markets around the world. Their operations are grouped into two business segments, hotels and vacation ownership and residential operations. Their revenue and earnings are derived primarily from hotel operations, which include management and other fees earned from hotels they manage pursuant to management contracts, the receipt of franchise and other fees and the operation of their owned hotels.



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