In July, the U.S. House of Representatives passed an amended version of the Raise the Wage Act of 2019, which would raise the federal minimum wage from $7.25 to $15 by 2024. Hotel & Leisure Advisors indicate that this 100+ percent minimum-wage increase could potentially raise a typical full-service hotel’s payroll expense by 50 percent. Labor costs represent one of the most expensive line items in a property’s budget, with CBRE’s 2018 Trends® in the Hotel Industry report revealing that total labor costs and related expenses currently make up about 43 percent of all hotel expenses.