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But there is a word of caution. "Growth in employment levels will continue to put upward pressure on salary and wages. Revenue and profit growth will cause increases in credit card commissions, franchise fees and (franchisor) management fees," warns Mandelbaum.
"This six year period of double digit gains in the bottom line will be the longest such streak in the nation's hotels since PKF began tracking the industry in 1937," concludes the researcher.