Hotel general managerThis is the most senior of all hotel management positions. From handling complaints and supervising staff to scheduling maintenance and managing budgets, this role oversees all aspects of hotel operations.
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Today the role of the Hotel General Manager (or GM) is often all-encompassing. He or she holds the ultimate responsibility for oversight of a property, including all sales and marketing, operations, events, maintenance, and customer service.
The average salary for this position varies depending on the location and size of the hotel, but it can range from $50,000 to $100,000 per year. According to a report by Hotel Management, Sales and Marketing Managers in luxury hotels or resorts can earn even higher salaries, sometimes reaching six figures.
The highest-paying hotel management jobs are usually found in Michelin-star or 5-star hotels. Some examples of these jobs are general manager, executive chef, director of sales and marketing, and operations manager. These jobs demand a lot of experience, skills, and qualifications in the hospitality field.
If you pick up the Income Statement (or Profit and Loss Statement, as it is more popularly called) of any hotel operation, one of the first things you will perhaps notice is that, between 80% and 90% of Total Revenues are contributed by Rooms and Food and Beverage departments.
Meetings and events: Whether you have a local business utilizing a conference room for a day, a wedding reception in one of your banquet halls, a full-week conference, or a tour group hosting a meal in between outings, meetings and event spaces can provide a massive source of revenue for hotels.