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1 week ago

New York hotel rates set to rise after historic union contract boosts labor costs

New York City hotel rates could climb even higher after hotel owners signed what industry officials describe as the most expensive union contract in the industry’s history, locking in major wage increases for workers while raising affordability concerns for travelers and smaller hotels.The agreement, reported by The Wall Street Journal, reached last week to avoid a strike ahead of next month’s FIFA World Cup kickoff, increases hourly pay for most hotel workers by roughly 50% over eight years. By 2032, some housekeepers are expected to earn six-figure salaries.Hotel owners say the deal will sig...