CNBC Bonus Bucks Trivia: In “Hotel, Restaurant CEOs Worry About Slowing Demand,” what factor gives Starwood’s Barry Sternlicht hope?

In “Hotel, Restaurant CEOs Worry About Slowing Demand,” what factor gives Starwood’s (HOT) Barry Sternlicht hope?

However, Barry Sternlicht, chairman and CEO of Starwood Capital, says companies with an international footprint will be boosted by the growing middle class in places like the Middle East, Russia and China.

I recently wrote that I expected Starwood to outperform Orient Express Hotels (OEH) due to their relative valuations and the likelihood that Starwood’s more business-oriented base would be less susceptible to an economic slowdown. So far, the trade has gone in the opposite direction.

Disclosure: At the time of publication, William Trent has no financial position in the companies mentioned in this article. 

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