It appears second chances do exist in the travel industry. The Wall Street Journal reports that the former TWA terminal at New York's JFK airport might re-open in the form of a boutique hotel.

The terminal was first opened in 1962 and welcomed travelers into the international port, but was closed in 2001 when American Airlines bought TWA, according to USA Today.

The rumor around the airport is that the Port Authority of New York and New Jersey, which owns the airport, would place a 150-room hotel into the unoccupied area that sits between the TWA terminal and the newer JetBlue terminal. The WSJ reports that the space would also house additional restaurants and shops.

Our prediction: If the airport turns this space into a hotel it could be a cash-cow opportunity for the airport. With JetBlue's international affiliations and most flights arriving and leaving from T6, where the hotel would be near, this could mean a few overnight travelers thanks to redeye flights and international schedules.

Filed under: United States, Hotels and Accommodations, Airports