Higher demand, occupancy means higher labor costs

hotelnewsnow.com

21 September 2016
HotelNewsNow.com (HNN)

There are reasons hoteliers should be excited about increasing wages. Robert Mandelbaum, director of research information services at CBRE, speaking during a presentation at the Hotel Data Conference titled “Hotel labor costs: Greatest expense on the rise,” said wage increases often help lead to growth in lodging demand, particularly at a market-level. Increasing wages are also often tied to important economic indicators for the industry like gross domestic product and employment numbers. But Mandelbaum said hoteliers must also be prepared to cope with the increasing labor costs that come with increasing wages and high occupancy.

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