Fortress’s Japan Hotel Unit Mystays Doubles Salary to Fight Labor Shortage - Bloomberg
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Fortress’s Japan Hotel Unit Doubles Pay to Fight Labor Shortage

  • Majority of hotels say workforce stuck below pre-Covid levels
  • Hunt for workers fueled by tourists flooding into country
Hotel Mystays Premier AkasakaSource: Mystays Hotel Management Co.
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One hotel chain in Japan has decided the only way to deal with a severe labor shortage is to double salaries to unprecedented levels.

Mystays Hotel Management Co., owned by Fortress Investment Group’s fund and the island nation’s fourth-largest operator, is offering monthly salaries of ¥500,000 ($3,210) for new hires into its fast-track program aimed at training managers for its 151 properties across Japan.

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