- The middle class is disappearing in the United States.
- Ian Schrager, the legendary hotelier credited with inventing boutique hotels, says hotels will make two major changes in order to keep up with the changing demographics.
- In the US, “you have the 1% and then you have everybody else, with a declining middle class,” Schrager told Business Insider. “And I see hotels following the same thing.”
- Hotels will either become super-luxurious and expensive to cater to the 1%, or they will be more value-oriented, with “nothing in the middle,” read more >>>
Source : BusinessInsider.Com