What happened
The Hotel and Gaming Trades Council (HTC) has ratified a new eight-year contract with NYC hotel employers. Housekeeping wages are expected to rise roughly 5% annually, reaching over $61/hour by 2034 and totaling approximately $110,000 annually. The agreement covers 27,000 members and their families. This significant increase in labor costs may encourage hotels to reduce daily housekeeping services or increase points/F&B credits for opting out, while also driving up overall room rates and award redemption costs in the city