NEW YORK, June 22 (Reuters) - Spending on new carpets, beds and lampshades at U.S. hotels will drop for a second straight year in 2010, as the lodging industry grapples with high debt and a slow recovery of demand.
Capital expenditures at U.S. hotels will fall about 10 percent from 2009 levels to $3 billion, according to a new study from New York University's hospitality school.
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