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.
Four Seasons Fort Lauderdale kept its Michelin star and Michelin Guide nod for the second straight year. The part nobody's celebrating is that the market lost 3.2% of its hospitality workforce while approving 2,800 new luxury rooms... and those numbers are heading in opposite directions.
MGM just posted its first Las Vegas revenue growth in three quarters and somehow still watched profits shrink. If you think that's just a Vegas problem, you haven't been paying attention to what's happening to operating margins across the entire industry.
An Indian hotel company just hit an all-time stock low while the broader market around it is running occupancy north of 72%. That disconnect tells you everything about the difference between riding an industry wave and actually operating well enough to profit from it.
