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Starwood 2015 results

STARWOOD Hotels & Resorts Worldwide has reported a full year income from continuing operations for 2015 of US$489m, down from US$643m in 2014. The adjusted EBITDA dropped to US$1.197 billion for the year, from $1.238b in 2014. Hotel sales were blamed for the income slow-down in a year which saw the company open a record number of hotels. Asia Pacific brought in 5% of the company’s total earnings for the 12 months ending 31 Dec.

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