Hoteliers are bolstering spending on property improvements this year after the recession forced many to postpone upgrades for several years. According to a survey conducted by Bjorn Hanson, divisional dean of New York University’s Preston Robert Tisch Center for Hospitality, Tourism and Sports Management, capital expenditures are expected to reach $5 billion this year compared with $2.7 billion in 2010 and $3.75 billion last year. Read the NY Times story here.