Hotel and Lodging Managers - Job and Earnings Outlook
Find a Culinary
School Near You
According to Bls, in 2002, there were about 68,000 positions available for hotel, motel, and lodging managers. Of these, about half were held by owners and operators of small hotels and motels. While the number of new positions is expected to grow slowly this decade, opportunities for management positions are most likely to go to people with degrees in hotel management.
Job growth may be driven by an increasing number of business travelers, and a rise in tourism. Much of this growth will be in suite hotels, which attract high-paying business customers. Full service hotels, which offer full restaurant, bar, and convention facilities may also provide additional openings for hotel managers. The growth of budget hotels and inns, as well as extended-stay hotels, may dampen the growth of jobs for hotel managers, since these locations offer fewer services.
Salaries of hotel managers may vary, depending on the size of the hotel or motel that employs them, and their responsibilities. Median annual earnings of lodging managers were $37,660 in 2004, according to BLS. The middle 50 percent earned between $28,640 and $51,030. The lowest 10 percent earned less than $22.680, while the highest 10 percent earned more than $72,160, an increase of over $17,000 since the year 2000.
In addition some hotels may offer profit sharing and educational assistance plans to their employees. In addition to typical benefits packages, because of the nature of the business, managers may receive lodging, laundry, meals, and other services as part of their compensation.
Get information from Culinary Schools with Hospitality and Hotel Management Training Programs