New York's new eight-year hotel union contract pushes housekeeper pay toward six figures and adds an estimated 15% to annual operating costs. The question nobody's asking is what happens to the 200-key midscale property that can't push rate fast enough to keep up.
Operations
Primary
Mar 21
New York City wants to raise hotel property taxes by 9.5% while operating costs already outpace revenue growth by 4x. For hotels running on thin margins, the technology investments that keep properties competitive are about to get axed first.
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