If you check into a hotel over the holidays, there is a good chance it will be undergoing renovation. Here’s why: typically, major hotel renovations occur every seven years. But the economic meltdown in 2008 — which shaved 15 percent off of occupancy rates in that one year for luxury hotels, as well as a significant drop in revenue per available room, according to the Wall Street Journal — disrupted that cycle.
via Hotel industry races to renovate in 2014 – Global Business Hub – Boston.com.