Trade association head: 'Prices in hospitality industry expected to rise at least 5 pct'
Publicat:Prices in the hospitality industry will increase by at least 5 percent in 2019, mainly due to labor costs, president of the Romanian Hotels and Restaurants' Employers Association (HORA) Dragos Petrescu told a specialist conference on Monday.
"A 5 percent growth in an economy like Romania's in the hospitality industry is not driven by the segment's desire to increase revenues, but is directly related to workforce. And workforce is directly related to the minimum national wage. As the minimum wage increases by law, the costs of the company increase automatically and revenues have to adjust.…
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