'AEC firms must understand the hotel operator's mindset'

摘要

BD+C: What are the prospects for the U.S. hotel industry and hotel construction? igor Krnajski: In the last couple of years we've had a pretty good downturn, of course, but the next five years are looking much better. The industry as a whole is forecasting gains in the 5-7% range. At Denihan, because we're New York-centric, we were up 11% last year, and we're forecasting 10% gains for this year. There have been a lot of conversations about how properties have been neglected, and that capital dollars need to be expended. BD+C: How do you think that will break down between new hotel construction and reconstruction of existing properties? IK: The initial surge will be in reconstruction, in the upkeep of your own portfolio. Then it will go into the expansion of portfolios, companies taking over existing properties and repositioning them. As for new construction, the financial markets are not fully ready to support new build.