The amount spent on capital expenditures for the U.S. lodging industry is forecast to exceed the record level spent in 2014, reaching a new high of $6.4 billion, the New York University School of Professional Studies says. The report, by Bjorn Hanson, Ph.D., found that this will be a 7 percent increase over last year. Capital expenditures have increased every year since 2010.
Capital expenditure priorities include improved amenities, such as increased high-speed internet, upgraded technology, and reconceptualized restaurants. Newer capital expenditure programs required by many brands include new fitness facilities, significant upgrades to bathrooms, and redesigned lobbies, according to the report.
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