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New Hotel Openings in US Dwindle

201102-b-hotel-istockjpgUSA 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)

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