Tiny hotel room may fit shrunken travel budgets
A New York hotel with luxury sheets and state-of-the-art audio for less than $100 a night? All you have to sacrifice is a bit of privacy and a little — well, a lot — of space. Moving beyond budget accommodations to an idea that borrows from a ship's berth or a train's sleeper car, developers are gambling that in tough times travelers looking for a little pampering at lower prices will embrace micro-hotels. The concept of an entire hotel room the size of a suburban bathroom has spread across Europe in recent years. And as the U.S. economy deteriorates, interest in the idea has grown, especially in high-priced markets like New York City — where there are fewer options for budget travelers. "It's certainly the right product for the times," said Tom Botts, a specialist in the hotel and travel industry at Hudson Crossing, a strategic advisory firm.