The Future of the Restaurant, Hotel & Hospitality Industry, Business and Industry Trends Analysis

The future of the restaurant, hotel and hospitality industry will be shaped by three factors: the fight over higher wages, advancing technologies and the sharing economy.  To begin with, wages for hotel and restaurant workers are very likely to accelerate (particularly in lower-end jobs), at least in the U.S. and other well-developed economies.  Several things are at work here, the most noteworthy being constant pressure in the U.S. for a higher federal minimum wage, while a large number of cities and states have raised their minimums without a federal lead-in.  Activists, unions and many legislators have been clamoring for higher…

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