Salary reductions, layoffs, fewer jobs available—like every other industry, hotel management has suffered through difficult economic times in recent years. Fortunately, recent hospitality industry reports are indicating a marked upward trajectory. Families and businesses alike are once again organizing travel, and that means greater demand in the lodging sector.
At the same time, however, few new accommodations are being constructed, so most of the competition in the job market will target existing hotel management positions. Employers will want to attract the best and the brightest with attractive employment packages that include competitive salaries, benefits and job perks, so job seekers who can also boast customer service skills, managerial know-how, hospitality experience and a degree or certification in hotel management will have a definite edge in the job search.
Hotel Management Salaries
Here is what you can expect to earn in various positions within the hotel management field:
|Median Annual Salary*|
|Administrative and Support Services||$58,670|
|RV Parks and Campgrounds||$48,460|
|Religious, grantmaking, civic and similar organizations||$45,830|
Sources: U.S. Bureau of Labor Statistics Occupational Outlook Handbook, 2014-15 Edition; Lodging Managers.
*The salary information listed is based on a national average, unless noted. Actual salaries may vary greatly based on specialization within the field, location, years of experience and a variety of other factors. National long-term projections of employment growth may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth.
Benefits and Perks
The field of hotel management can offer benefits beyond salary—perks specific to the industry that go beyond the typical employee health benefits package. Managers at some hotels can earn bonuses of up to 25 percent of their base salary. Profit-sharing plans and educational assistance are also common benefits to working in the hospitality industry.
Managers who spend long hours on-site or who live at the hotel may also receive services such as free or discounted meals, parking and laundry as part of their job. And, of course, for those with a real drive to work in the hospitality industry, the job of managing a hotel can be intrinsically worthwhile as well as financially rewarding.