Outlook for Hotel Management Jobs
Learn what to expect in the hospitality industry.
Those on the lookout for hotel management jobs should be prepared for a bit of competition. Even though the travel industry is showing signs of health, construction loans for new hotels are hard to come by, and new hotel management jobs still aren't plentiful. But some turnover will always occur due to career changes, the stressful nature of the work and retirement.
According to the U.S. Bureau of Labor Statistics' current Occupational Outlook Handbook, job growth for hotel managers is expected to decrease over the next decade at the rate of -12% through 2029. This is the result of online travel booking taking an upturn and traditional lodging being usurped by home owners and airbnb business rental. 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.
Hotel Management Jobs Forecast
Would-be hotel managers should brace themselves to face intense competition for already-existing positions, especially for the most desirable hotel management jobs. One way to get a leg up is to make sure you're well informed about the current state of the hospitality industry and the changes expected in the near future. Here are some trends to be aware of:
- As the travel industry recovers, overall lodging trends are expected to shift towards more limited-service accommodations with less need for a large management staff.
- Chain hotels with regional management staff; upscale and luxury hotels; and large full-service lodging facilities like casinos, convention hotels and resorts will continue to provide employment opportunities in hospitality management because they employ large numbers of workers.
- Hotel management jobs in smaller independent facilities, such as bed-and-breakfast inns, will be limited, as chain hotels and limited-service hotels expand their reach.
More Tips for Landing Hotel Management Jobs
As you're looking for work, here are a few tips to keep in mind:
- Hone your customer service skills. If you've got experience working with people and can demonstrate a clear ability in this area, you'll be a much more appealing job candidate.
- Earn a college degree or career certification in hospitality or hotel management. You'll be qualified for a wider array of jobs, you'll be more competitive, and you'll increase your earning potential.
- Seek out work experience in the industry. Working in hospitality or food service will give you firsthand knowledge of the field and help you make connections.
Also, don't discount working at limited-service accommodations. Though a streamlined staff may mean that fewer managerial positions are available, it also means you might have a quicker route to the top spot.
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