A recent compensation review and analysis of more than 300 general managers of 4- and 5-star properties throughout the United States has resulted in AETHOS Consulting Group’s 2016 Hotel General Managers Compensation Study.
According to AETHOS Managing Director David Mansbach, author of the study, “As we move through the next phase of the lodging cycle it will be critical for organizations to attract and retain high performing general managers; as such, real time and credible compensation information is a must- have to set competitive compensation programs.”
The Survey highlights these notable findings:
The general managers of New York City hotels are the highest paid in a major U.S. market with a median total cash compensation of $319,000. San Francisco general managers ranked #2 among the cities whose general managers responded.
The median base salary for a hotel general manager in the United States is $178,000 and the median bonus is $40,000. In general, the median bonus payout for general managers around the country is approximately 22 percent of the base salary.
There is correlation between the size of the hotel and general manager compensation. Findings illustrate a significant jump in the median cash compensation based on room count.
MMGY Global has released data on African American travelers, which shows a decrease in the use of share economy accommodations, specifically Airbnb.
African Americans were significantly less likely to use share economy accommodations over the last 12 months:
From 2015 to 2016, there was a 3-point decrease in the use of share economy accommodations on vacation during the past 12 months. It was 17 percent in 2015 and 14 percent in 2016.
Airbnb saw a 4-point decrease in use amongst African American travelers from 15 percent to 11 percent.
Only 14 percent of African Americans have stayed in shared accommodation, and 21 percent of remaining travelers said they did. HomeAway is more appealing to non-African-American travelers (10 percent) than African-American travelers (7 percent). HomeAway saw a 1-point increase from 6 percent in 2015 to 7 percent in 2016. VRBO saw 6 percent of African American travelers using their service. To read more, click here.
PORTSMOUTH, N.H.—Lodging Econometrics (LE) reports that the top three cities in Canada with the largest hotel construction pipelines are: Calgary with 22 projects/3,403 rooms, Toronto with 19 projects/2,763 rooms and Edmonton with 15 projects/2,304 rooms.
The leading franchise companies in Canada’s Hotel Construction Pipeline are Marriott with 34 projects/5,612 rooms, Hilton with 32 projects/3,800 rooms and InterContinental Hotels Group (IHG) with 27 projects/3,014 rooms.
The three brands with the largest Construction Pipelines by project count are: IHG’s Holiday Inn Express with 15 projects/1,604 rooms, Courtyard by Marriott with 10 projects/1,483 rooms and Hilton Garden Inn with 8 projects/937 rooms.
Marriott, Starwood, and Hyatt all reported that top-end demand growth had slowed or stopped all together for their top brands like Ritz-Carlton, St. Regis, and Grand Hyatt in Q2. It might not be all bad for luxury, though, as IHG’s InterContinental brand stayed on target. To read more, click here.
Domestic U.S. leisure travel has hit its lowest growth point since 2012. This slowdown could indicate reduced domestic consumer spending and global economic headwinds, according to U.S. Travel’s latest report. The report details that a dip in vacation and slower growth in leisure-related, forward-looking travel searches indicates softening through the rest of the year. But even when weaker than usual, domestic leisure is growing faster than U.S. business travel, pushing the industry along with a strong labor market and rising wages. Read more here.
As occupancy levels continue to rise, hotels are incentivizing customers to book direct. In addition to offering perks like room upgrades, free shuttle service, and complimentary breakfast, hotels are luring travelers away from online travel agencies with members-only rates. To read more, click here.