While many hotels are holding onto their cash as revenue slips, some are spending on upgrades in the hope of gaining market share when the recovery comes.
Hotels are expected to spend $3.5 billion this year to renovate lobbies and rooms and replace sheets and pillows, among other upgrades, 30 percent more than 2010.
George Fisher submits: In 1797, English poet Samuel Taylor Coleridge wrote the famous line in the Rime of the Ancient Mariner: “Water, water everywhere; Nor any drop to drink.” 300 years later, the growing shortage of potable water brings these words new meaning.Founded in 1992, Energy Recovery Inc (ERII) is a smal