As the middle class in America shrinks, hotels will either become super-luxurious and expensive, or they will be more value-oriented, he said.
,"the US is headed in a direction where you have the 1%, and then you have everybody else, with a declining middle class. And I see hotels following the same thing."Reflecting the changing population, Schrager expects hotels to either become ultra-luxurious and expensive or very value-oriented over the next 10 years or so.
Luxury hotels will get much smaller, with only 80 to 90 rooms, but the rooms will be"much larger," Schrager says. These more intimate hotels will also be"very expensive" with the finest details,"catering to that 1%," he said. Schrager says he also expects to see a lot of"less expensive, value-oriented hotels, but very sophisticated and very cool," with diverse entertainment and food and drink options."I see nothing in the middle," he said.
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