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Starwood expansion story on a tear

Wednesday, 22 Jan 2014 | 6:52 AM ET

Frits Van Paasschen, Starwood Hotels & Resorts Worldwide president & CEO, shares his thoughts on growing global demand in the lodging industry and weighs in on travel trends in 2014. I think we will offer more services and actually lower costs because of technology, says Van Paasschen, explaining how his business model is unlike the airline industry.