Being the general manager of a hotel is a position that encompasses a wide variety of responsibilities. As the person in charge of the daily operations of the hotel, your job is to assure that everything runs smoothly. All department heads report to you and you are responsible for maintaining accountability of each department. You develop a budget and decide how your resources should be allocated to maximize efficiency and bottom-line profits. You are the person who addresses the concerns of employees and the one who has the final say on issues that affect the operation of the hotel. Most of all, you have to understand what guests want and expect, and then, set policies that will meet or exceed those expectations. A good hotel general manager does all this and more.
Median Pay for a Hotel General Manager
According to a Payscale survey of hotel general manager salaries, the median pay in the United States for the position as of September, 2014, was $51,023. The salary range of the more than 6,000 respondents who were part of the survey was between $30,956 and $97,894. The wide gap between high and low salaries is not unusual. A wide variation in hotel manager salaries is attributable to a number of factors, the most important of them being individual experience and the geographic location of the hotel.
Graduating with a degree in Hospitality Management can get you in the door to begin your career in hotel management, but experience is more important in determining the salary you will receive. A manager with less than five years of experience (entry-level) running a hotel will usually have a salary below the national median. Typically, a person with two years of experience, running a hotel with less than 100 rooms, would earn around $40,000 per year. As you gain more experience, your salary tends to rise, commensurate with that experience. Mid-career (5-10 years experience) earn slightly more or slightly less than the $51,000 national median, experienced hotel general managers (10-20 years of experience) can make $60,000-$70,000, and late-career managers, with 20+ years of experience, can command salaries of $80,000 or more.
The highest-paying hotel general manager jobs are in some of the biggest cities in the country. If you want to earn well-above the national median average salary for hotel general managers, you should try to get a job in New York, San Francisco, or San Diego.
The median salary for a hotel general manager in New York City is 120 percent above the national median at $116,000 per year. In San Francisco, second on the list for highest median salaries at 90 percent above the national median, the salary is $101,000. Coming in third among all U.S. cities is San Diego, where hotel general managers earn 66 percent above the national median, or $88,000 per year.
Hotel general manager earnings are closely tied to experience and geographic location. While the job encompasses a multitude of responsibilities, the rewards come in the form of salary, bonuses, paid benefits, and the satisfaction of knowing you helped people have an enjoyable stay away from home.
– The Cost of Luxury Leadership: Luxury General Manager Pay in North America http://www.hospitalitynet.org
– 10 Ways to Help an Effective Hotel General Manager http://hmghotelsblog.com
– 15 Statistics on Hotel General Manager Salaries http://www.hcareers.com