$3 billion investment from confident US hotels
The US lodging industry will spend $3 billion on renovations next year, or more money than any year since 1998, according to a report by PricewaterhouseCoopers.
The projection indicates hoteliers are feeling more confident about a turnaround in the lodging business, said Bjorn Hanson, the global leader of PwC’s hospitality practice.
The top five categories of improvements are expected to be: beds and bedding, televisions, architecture customized to the local area, high-speed internet connectivity, and signage.
The projection on hotel renovations conforms with PwC’s earlier prediction that industry revenue will rise nearly 5% next year, and 3.4% in 2005.
PwC said that at the same time, hoteliers are instituting or increasing surcharges. Surcharges appearing in the US market include cancellation fees, early departure fees averaging $50, telephone surcharges, increased fax charges, and rising room service delivery fees, among others.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.





























TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports