Looming recession means wage changes are coming
As hotel performance begins to slow, how soon should we expect wage increases for exempt and non-exempt employees in the hospitality industry? The hotel industry hit new highs in occupancy, average daily rate and revenue per available room in 2015.
On the labor side, total employment in the industry has been at record levels for the past 21 months. As reported by the Bureau of Labor Statistics, job openings in the hotel industry continue to set records and are now at a 15- year high.