If industries have good decades, for hotels the Aughties was no Nineties. The go-go Nineties gave us the rise of Ian Schrager and Amanresorts and W and exotic fantasies like Rajvilas and Singita and Las Ventanas al Paraíso. The Aughties, on the other hand, were defined by the contraction of development after 9/11; the growth of Asian and Middle Eastern cities requiring high-rise hotels that broke new ground but were far from groundbreaking; and a real-estate boom that fueled an endless stream of dull, mixed-use compounds in which hotels played second-fiddle to luxury residences.
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