New Hotel Openings in US Dwindle
USA Today | Who doesn't love a splashy, new hotel opening?
Travelers love to stay in them, the press loves to write about them - and owners love to celebrate them.
"New hotel development is very sexy. They get a lot of press," Nicholas Clayton, president of the Viceroy Hotel Group, noted during the Americas Lodging Investment Summit in San Diego last week.
Yet, despite all the excitement - and the uptick in travel this year, we'll see fewer new hotels open their doors in the USA this year compared past years, a new forecast shows. (Photo by iStock)