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How Much Money Does a Hotel Manager Make Per Year?

Hotel managers play a critical role in the hospitality industry. They manage and oversee all aspects of a hotel’s operations, from housekeeping and reservations to food and beverage services. But what about the financial aspect of this job? How much money does a hotel manager make per year?

As with any profession, several factors influence how much a hotel manager can earn. In this blog post, we will explore those factors and provide some estimates for hotel manager salaries.

Factors Affecting Hotel Manager Salaries

Before we dive into the numbers, let’s take a look at some of the factors that can influence how much a hotel manager makes:

Experience

Experience is a significant factor that can influence hotel manager salaries. In general, the more experienced a hotel manager is, the more they can earn. Experienced hotel managers have knowledge, skills, and a track record of success that can command higher salaries.

Location

Another critical factor in hotel manager salaries is the location of the hotel. Hotel managers in large cities or popular tourist destinations may earn higher salaries than those in smaller towns or less popular tourist areas.

Type of Hotel

The type of hotel can also affect a manager’s salary. Managers at luxury resorts or hotels may earn more than those at budget hotels or motels.

Education

Education is another significant factor that can influence hotel manager salaries. Those with advanced degrees or certifications in hospitality management may earn more than those with only a high school diploma.

Size of Hotel

Finally, the size of the hotel can play a role in determining a hotel manager’s salary. Managers at larger hotels with more rooms and staff may earn more than those at smaller hotels.

What is the Average Salary for a Hotel Manager?

According to the U.S Bureau of Labor Statistics (BLS), the median annual salary for lodging managers, which includes hotel managers, is $54,430 as of May 2020. This means that half of all lodging managers earned more than this amount, while the other half earned less.

The lowest 10 percent of lodging managers earned less than $31,150 per year, while the highest 10 percent earned more than $104,690 per year. The middle 50 percent of lodging managers earned between $39,370 and $74,020 per year.

It’s important to note that these figures are only estimates and may not reflect actual salaries for hotel managers in specific locations or with varying levels of experience and education.

Salary by Location

As mentioned earlier, location can play a significant role in determining a hotel manager’s salary. Let’s take a closer look at some of the highest-paying states for hotel managers, according to the BLS.

Nevada

Nevada is the highest-paying state for lodging managers, with a median annual salary of $93,690 per year. This can be attributed to the popularity of Las Vegas as a tourist destination and the high number of luxury resorts and hotels that are located there.

District of Columbia

The District of Columbia is another location with high salaries for lodging managers, with a median annual salary of $76,830 per year.

Hawaii

Hawaii also has a high median annual salary for lodging managers, at $73,860 per year. This is likely due to the state’s popularity as a vacation destination.

Salary by Experience

Experience is another critical factor that can influence a hotel manager’s salary. According to the BLS, lodging managers with less than 1 year of experience had a median annual salary of $39,060 as of May 2020.

In contrast, lodging managers with 10 or more years of experience had a median annual salary of $71,350 per year. This highlights the importance of gaining experience in the hospitality industry to maximize earning potential.

Final Thoughts

As we have seen, hotel manager salaries can vary widely depending on several factors, including experience, location, education, and hotel size. However, according to the BLS, the median annual salary for lodging managers is $54,430 as of May 2020.

It’s essential for those interested in pursuing careers in hotel management to consider these factors carefully and do research on salaries in their specific location and industry before making any decisions. With hard work, experience, and a commitment to excellence, hotel managers can have a lucrative and rewarding career in the hospitality industry.

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