The bottom line is that large hotel corporations are in a state of self-preservation. They’re like an animal threatened in the wild. They may be building more hotels because they are really needed, or they may actually be trying to continually innovate with new properties in order to stay relevant. The peer to peer trend will continue to give standalone hotels a run for their money for the foreseeable future.
My usual home (hotel) away from home in London had finally priced itself out of my reach. I just cannot justify the prices being charged by many hotels these days. Want wifi, laundry or a bottled water in your room? Your bill can grow quite large rather quickly. Hotel rates seem to have skyrocketed in the past 10 years, far ahead of any logical explanation due to inflation. I suppose high hotel rates are paying for all the new hotel construction. But do we need that many new hotels?
Photo Credit: The Sun UK