The announcement of a hotel in space is a triumph of hype. Why else would one announce such a strong concept when delivery systems are primitive and state financed. Especially with an unrealistic deadline of 2012.
The industry for commercial spaceflight may be nearing critical mass. There is strong media attention and private investment. We have still not had a paid commercial flight.
Fingers
crossed but I suspect 'breakout' is still a few years away. This could be heartbreak hotel for private investors.