Hotel developers are working to offset the rising cost of construction labor, driven by the latest post-recession building boom. Sources said that while prices for raw materials have seen relatively stable growth in recent years, a shortage of skilled labor in many markets has caused wages to surge at far more aggressive rates.
Much of what’s lurking behind the current trend comes down to sheer supply and demand: Since the 2009 recession, construction activity nationwide has resumed, creating increased need for labor.
