According to the US Bureau of Labor Statistics, lodging and hotel general managers held 51,400 jobs in the US in 2010. And, the number is expected to grow by 8% by 2020. The average salary of luxury hotel general manager in the USA is $87,231/year.
Key Takeaways
- New York, Chicago and Miami are the three cities with the highest general manager salaries
- The median average salary for a hotel general manager in the USA is $51,782
- BA in Business, Business Management and Hospital Management are the three most demandable degrees for hotel manager
- A Hotel Manager is one of the best-paying jobs in the hospitality industry where you can expect a salary in the six-figure territory
Quick Facts On The Salary Of A Hotel General Manager
1. The average annual salary of a hotel general manager ranges from $29,277 to $106,174
2. Hilton Hotel will pay $94,653 a year to a hotel general manager
3. Marriott International is offering $68,829 per year for the position of a hotel general manager
4. Median salary for a hotel general manager is $51,782
5. More than 25% of hotel general managers earn more than $74,000
6. 10% of hotel managers earn more than $110,000
7. The average salary a male hotel general makes from $33,623 to $102,629
8. The average salary a female hotel general makes from $27,365 to $76,469
The Three Cities With The Highest General Manager Salaries:
1. New York
2. Chicago
3. Miami
Three Degrees That Yield The Highest Hotel General Manager Salaries:
1. BA Business
2. BA Business Management
3. BA Hospitality Management
Why Should You Choose Your Career As A Hotel Manager?
A Hotel Manager is one of the best-paying jobs in the hospitality industry. Outside of a casino, a hotel manager can make as much as $70,000 per year. The US Bureau of Labor and Statistics finds that a typical hotel manager can make as little as $46,000 without bonuses.
But, with bonuses, special compensation, and profit-sharing, you can expect your salary to climb to the six-figure territory.
Although the current economy has seen a slump in traveling, hotels profited from the decreased trend in vacation condos and timeshares. Business travel has declined too, but conferences made up for the differences more than enough.
Hotel managers are usually adaptive to changes in the market and explore ways to utilize them. That’s why a hotel manager is a high-paying job.
What You Need To Become A Hotel Manager
Many successful hotel managers do not have a four-year degree. So, if you don’t have one, it’s good news for you. Hotel managerial positions usually require at least 7 years of experience in the field. Overall, hotel management features some of the highest-paying positions. And, you can attain one even if you have the least amount of higher education.
What Are the Responsibilities Of A Hotel General Manager?
A hotel manager may be responsible for:
1. Managing property operations
2. Allaying irate guests
3. Training staff
4. Dealing with late-night miscreants
5. Filling in for unreliable nighttime auditors
6. Forecasting budget for the coming days
Bottom Line – if you’re someone looking to become a hotel general manager, you can start off by doing a search for hotel manager jobs. As you can see from the article, being a hotel manager is a high-paying job. So, it could be your dream job.
Reference:
1. https://www.glassdoor.com/Salaries/hotel-general-manager-salary-SRCH_KO0,21.htm
Last Updated on October 20, 2022 by Magalie D.
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.
