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The people who turn neighborhoods hip these days -- the more pioneering restaurateurs and boutique operators -- tend to smell change in the air simultaneously.
Although both the big companies and the boutique operators rent rooms by the night, they are not really in the same business, said John A. Fox, a senior vice president of PKF Consulting, a company that specializes in hotels.
Gill Cogan, of Weiss, Peck & Greer, a long-established venture firm, believes the industry will become dominated by a handful of big firms with some boutique operators around the fringes, much like investment banking.The biggest firms now have so much money to manage that they are turning some investors away, and doing less early-stage seed investing.
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Boutique hotel operators say that traditional luxury hotels are still dinosaurs of a dying generation.
Though boutique hotel operators might not agree, it is possible to expand a successful boutique hotel without losing its character, Mr. Berman, of PricewaterhouseCoopers, said.
Long lines to check in and out of convention hotels are irritating to many travelers, boutique hotel operators say, as are voice mail systems that require callers to push button after button to reach the right department.
Rocket's trying to position itself as a provider of custom tailored services on prices that are more in line with larger freight haulers, offering affordable launches for more boutique satellite operators that aren't well served by larger launches that need to service multiple clients for not so specific orbital requirements.
An agreement has been reached with a West Coast-based boutique hotel operator, but Mr. Benjamin would not disclose the company's name.
"They want to see something different, something new," said Andrea Barsotti, owner of boutique tour operator Kiss from Italy.
Inside Track The boutique tour operator Society of Travel was founded by Istanbul natives Figen Semerciyan, a Sorbonne alumna and former lecturer tour guide, and Nirvana Asaduryan, a longtime Virtuoso executive.
Previously it snapped up a boutique apartment operator and then IOT startup AblePlus, but this transaction marks its first move outside of its core hotels and homes segment.
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