The U.S. lodging industry will invest approximately $5.85 billion in 2008, a 6.4% increase over 2007, according to a PricewaterhouseCoopers forecast.
PricewaterhouseCoopers said the U.S. lodging industry had a record capital investment of $5 billion and $5.5 billion in 2006 and 2007, respectively.
The 2008 increase reflects spending on separate spaces in hotel rooms, in-room technology, enhanced bedding, flat-screen TVs, high-speed wireless Internet, self check-in kiosks, computers/printers in business centers, upgrades of traditional desks to ergonomic work stations and upgrades of complimentary breakfasts.