Traditionally, hotel companies relied on brand awareness to drive bookings, but with the help of the Internet, new brands can be marketed online with pictures and reviews. In that way, hotel companies can take risks and introduce individualized boutique brands.
"The Internet has made it very easy to conduct research and discover new brands," said PwC's Hansen. "Google, online virtual tours of the hotels and visitors' comments on Trip Advisor make it much easier and less expensive to launch brands. We are in a period of accelerating construction despite the reports that there is no money in the hotel industry. There are greater numbers than there were two years ago."