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WHITE PLAINS, NY – March 30, 2010—Starwood Hotels & Resorts
Worldwide, Inc. (NYSE:HOT)has been named to The 2010 DiversityInc Top 50
Companies for Diversity® list for its demonstrated use of measurable
diversity best practices and results. A total of 449 companies
participated this year, up 12 percent from last year. This marks the
7th year that Starwood has been honored with this ranking, and was
chosen because of its dedication to creating an environment of inclusion and
diversity for its customers and more than 145,000 associates worldwide.
As a result of the company’s increasing focus on diversity as an internal and
external driver of business Starwood moved up from 39th ranking in 2009 to
19th representing a significant jump of 20 rankings this year in an
increasingly competitive field of companies. Starwood Hotels &
Resortshas demonstrated strength in the four areas measured – CEO Commitment,
Human Capital, Corporate and Organizational Communications and Supplier
diversity.
“Hiring and retaining diverse talent, contracting with diverse
suppliers, and marketing our brands to all potential customers simply just
makes sound business sense. Starwood’s diversity and inclusion efforts
are fundamental components to our company’s ability to outperform the
competition, increase shareholder value, and show the organization’s commitment
to the economic growth of all the communities in which we operate. Starwood
making the 2010 Top 50 Companies for Diversity List serves as a mile marker
that we are headed in the right direction along our journey,” said Frits van
Paasschen, President and CEO of Starwood.
"Both through its deep community philanthropy and through its efforts to
create an increasingly inclusive workplace, Starwood demonstrates it is moving
ahead of the pack as a diversity leader. Considering the increase in
competition this year, this is a truly impressive achievement," said Luke
Visconti, Chief Executive Officer of DiversityInc.
To qualify for the DiversityInc Top 50 Companies for Diversity, participating
companies must have more than 1,000 employees and must fill out a detailed
questionnaire based completely on empirical questions. The list, now in its
10th year, is metrics-driven and companies doing business with
DiversityInc receive no advantage.
“This list represents the businesses that treat diversity as an ethical, moral
priority and a powerful business tool. Far too many companies are way
behind the curve and will find themselves in trouble in the next few years and
decade,” continued Visconti. “A diverse work force changes the character and
the culture of a company. Thinking that diversity is merely a ‘feel-good’
or politically correct strategy without real impact will leave companies on the
wrong side of history.”
DiversityInc was founded in 1998 as a web-based publication, and a print
magazine was launched in 2002.
About Starwood Hotels & Resorts Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and
leisure companies in the world with approximately 992 properties in almost 100
countries and 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. Regis®, The
Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W®, Le
Méridien® and the recently announced Aloft® and ElementSM Hotels.
Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier
developers and operators of high quality vacation interval ownership resorts.
For more information, please visit www.starwoodhotels.com.
