Article - Sharp Rise in Labour Costs and Slowing Demand Put Spotlight on Cost Control and Profitability Margins for UK Hotels in 2024 - The impact of the increase in the National Living Wage (NLW) on labour costs in 2024 is forecast to hit UK hotels, particularly in the regions. This will put the spotlight once again on the need for top line growth and smarter cost control to maintain or improve profitability.