Insight
Average housekeeper pay in NYC hotels will exceed $100,000 per year.
NYC Hotel Housekeepers’ Pay to Hit $61 an Hour
Summary
New York City hotel housekeepers' pay is set to increase to $61/hour, surpassing $100,000 annually due to a negotiated contract, representing a 50% increase over eight years. This benchmark could impact other cities, influencing labor costs in the hospitality industry, potentially increasing overall operating expenses for STR hosts. Understanding labor costs is key to setting effective pricing and maximizing profitability.
Key takeaway