#Latest news with #hospitalityunionsWall Street Journal01-06-2025BusinessWall Street JournalLos Angeles Throttles Its Tourism IndustryThe 2028 Summer Olympics are three years away, but host city Los Angeles is already on track to miss the podium. Blame a new $30 minimum wage for hotel and airport workers passed at the behest of the city's hospitality unions. Los Angeles's Olympic bid was contingent in part on having enough hotel rooms for athletes, spectators and officials. Hotels signed agreements guaranteeing a certain number of rooms at a given rate during the Games.
Wall Street Journal01-06-2025BusinessWall Street JournalLos Angeles Throttles Its Tourism IndustryThe 2028 Summer Olympics are three years away, but host city Los Angeles is already on track to miss the podium. Blame a new $30 minimum wage for hotel and airport workers passed at the behest of the city's hospitality unions. Los Angeles's Olympic bid was contingent in part on having enough hotel rooms for athletes, spectators and officials. Hotels signed agreements guaranteeing a certain number of rooms at a given rate during the Games.
01-06-2025
