Depending on its role in the operation of the hotel, a hotel owner can pay for himself or make a profit from the business. Most large hotels are owned by the corporation, so this situation is relatively rare, but a hotel owner has the right to exploit himself or her for his work as a fitness fit and may have taxes and other benefits to do so. Hotel owners who are actively involved in business management usually carry the title of general manager or owner-manager.
Hotel Ownership and Management
Hotels are traditionally run by their owners. In many cases, owners are literally treated as hosts for their guests and handle almost every aspect of hotel activity. However, the hotel industry evolved over time, and at a certain economy scale it became simply impossible to monitor everything the host-owner did, and managers became an essential part of the business model. That said, many owners of small boutique hotels are back in the traditional past and have full-time paid owner-managers in their organization.
Hotel General Manager Salary
According to the All Cookery School, the median 50 percent range for hotel managers / general managers is $ 68,000 to $ 124,756. In 2011, CNN Money paid $ 76,800 as the 32nd best job in America as the 32nd best job in America.
The hotel industry is profitable
The hotel industry was hit hard during the Great Recession. Room demand was reduced by 7 percent in 2008-2009, and when things started to improve in 2010, the industry is still in recovery mode. The business rate is the bottom line in the hotel and accommodation industry in some sense, but other factors come into play as well. Overhead, or cost of operation, is a major factor as it must be balanced against occupancy rates. Other business activities, such as restaurants and guest services, may be a profit center for hotels in coastal communities but may be relatively high overhead.
The responsibility of the hotel general manager
The responsibilities of a hotel general manager vary significantly, depending on the size and type of hotel. A general manager at a 12-room boutique hotel will usually be a much more “hands-on” than the general manager of a 1,500-room resort hotel. The general hotel manager’s responsibilities include accounting and financial control, as well as guest services, food establishments and general maintenance and facility maintenance. In large hotels, a general manager will usually report to his assistant managers.