What is the Cost of Labor in the Hotel Industry?

house keeping making the bed in hotel room

The cost of labor has been steadily on the rise. How will this affect the hotel market going forward? The rising cost of labor has been a hot button topic in recent months. According to Reuters, labor costs in 2021 “surged [about] 4.0% on a year-on-year basis, the largest rise since 2001.” With both wages […]