Segment Results Effective December 29, 2012, the company combined the reporting of the financial results of its former Luxury segment with the North America segment based upon its
scaling back of separate development activity and the aggregation of future
marketing and sales of both
upscale tier and luxury tier inventory.
«Our global development team continues to work diligently to expand our brand portfolio with exciting new hotels and resorts in key travel
markets for the
upscale and upper
scale luxury traveler,» she said.