Five Smart Reasons to Go After a Hotel Management Career
1. Good Earning Potential
Hotel managers make competitive salaries. In fact, in 2018, median pay in the U.S. for lodging managers was $53,390. And the top-earning professionals in that role made more than $102,410. With financial management skills and experience, it's possible to make even more. For instance, hotel workers in the advanced position of general manager earn median salaries of $100,930, and many make over $208,000 per year.
2. Opportunities for Advancement
Employment of hotel managers is estimated to increase by about one percent from 2018 to 2028. And in addition to growth potential, a career in hotel management can lead to some very high positions. Many hotel managers work their way up into executive roles such as regional manager, director of sales, or even chief operating officer. Such opportunities often come from gaining business skills and moving into positions within larger and more prestigious hotels.
The American Hotel & Lodging Association reports that hotels contribute about $660 billion every year to the GDP of the United States. Globally, the numbers are just as encouraging. Worldwide, the hotel industry generates more than $600 billion in revenues each year. Simply put, this sector is consistently strong, and good managers are always needed as different hotels compete for very discerning guests.
4. The Chance to Make a Noticeable Impact
Being in hospitality management allows you to take charge and see results. When you have a leadership position within a hotel or restaurant, you get to play a key role in building and maintaining the reputation of that establishment. From the crew you hire to the standards you set, your work produces outcomes that are easy to recognize and feel proud about.
5. Opportunities to Work Where You Want
Skilled hotel managers can find work almost anywhere. Every city has a wide range of accommodations, from limited-service establishments to upscale hotels. With this career, you are never limited to just one area of the country—or even to just the U.S. In this industry, there is no limit to where you can go or how much you can achieve.
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