Hotel Effectiveness Blog

The Impact of Wage Increases and a Tightening Labor Market on the Hotel Industry

Wages

The Impact of Wage Increases and a Tightening Labor Market on the Hotel Industry

The unemployment rate in the U.S. dipped down to 3.7% in 2018—the lowest it’s been since the 1970s. And, just last month, the US Bureau of Labor Statistics ...
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GOP and NOI are at risk - what is your plan?

Wages

Last week, HotStats released its hotel profitability snapshot for the USA for January.  The story is grim.  RevPAR is growing more slowly (up 0.8% year-over-year) but Labor expenses are up by more than 4X that amount (up 3.4% vs January 2018). ...

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The Three Keys to Lower Labor Costs

Wages

Hotel labor costs are rising quickly.  In the USA, a shrinking, competitive labor pool is driving wage rates, overtime and contractor usage to unprecedented heights, and the increases are projected to continue for the next 2-3 years. ...

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Look out, hotel wage increases are on the horizon.

Wages

Over the past few months, the campaign to drive up entry level wages has gained a huge amount of momentum – a momentum which will begin trickling down to the hotel industry over the next few months. Hoteliers need to prepare themselves for higher...

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