Browsing by Author "Ross, Del"

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    Labor hours per occupied room drop at US hotels
    Ross, Del (2020-10-02)
    According to the research by Hotel Effectiveness, US hotels only operate half of the labor they had before the COVID-19 pandemic. Since the service change at hotels due to the sanitary issues such as the elimination of daily housekeeping, Overall labor hours per occupied room(LHPOR) have decreased by 20% since March. Also, some labor had to experience their job at work changed because each role and processes should be adjusted toward the pandemic.
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    More than half the pre-pandemic hotel jobs still gone
    Ross, Del (Hotel News Now, 2020-12-11)
    4.2 million hotel jobs have been eliminated due to the COVID-19 pandemic. This does not include job loss of jobs that are dependent on hotels to bring in business and sustain their overall industry. Industry leaders are fearful that the winter months will have a catastrophic impact on hotel job loss as the American Hotel & Lodging Association continues to lobby the industry's top needs to a divided Congress.
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    Study Implies $15 Minimum Wage Would Have Outsized Impact on Hotels
    Ross, Del (Hotel News Now, 2021-02-12)
    A study conducted across 5000 hotels across the United States indicated that 64% of hotel employees are making under $15 an hour. Owners across the hotel industry could be negatively impacted if President Biden is able to pass a $15 hour minimum wage deal. The increase in wage with the fall of ADR, due to COVID-19, will crush smaller franchisees. Experts suggest the increase in minimum wage will decrease the recovery of the hotel industry.
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    US hotel payroll costs down, but insurance costs remain
    Ross, Del (Hotel News Now, 2020-11-20)
    According to labor-management data from Hotel Effectiveness, Hotel's payroll costs in 2020 are 40%-60% lower than in 2019 since more than half of the jobs in the hotel industry have gone after the pandemic. Despite that, it seems like most hotels still need to pay a similar amount for the workers' compensation insurance cost and this leads to cash flow difficulties for hotels. Since insurance companies require to pay their premium at the start of the year, and the premium is estimated from the last year's payroll cost. This might bring the hardship in financial situation and auditing process for hotels.