U.S. Hotels expect to spend a record $6 billion on upgrades this year | latimes.com

In the wake of the economic crisis, struggling hotels across the country put off most upgrades and expansions, such as installing new carpeting, buying bigger television sets and renovating lobbies. But with the economy rebounding, the nation’s hotels are expected to spend a record $6 billion this year, a 7% increase from 2013, according to a New York University study. In recent years, hotels have been reducing spending on improvements.