Hotel Management Statistics 2024 – Everything You Need to Know

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Are you looking to add Hotel Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Hotel Management statistics of 2024.

My team and I scanned the entire web and collected all the most useful Hotel Management stats on this page. You don’t need to check any other resource on the web for any Hotel Management statistics. All are here only 🙂

How much of an impact will Hotel Management have on your day-to-day? or the day-to-day of your business? Should you invest in Hotel Management? We will answer all your Hotel Management related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Hotel Management Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 247 Hotel Management Statistics on this page 🙂

Hotel Management Benefits Statistics

  • Some of the benefits include a 71% decrease in guest complaints, a 19% increase in customer service ratings, and reduced onboarding time. [0]

Hotel Management Market Statistics

  • Hospitality market data reveal that of all the sectors that make up the hospitality industry, air travel, accommodation, and food services, contribute over 50% of the total output. [0]
  • 31% of family travelers use a personal car to get around in. [0]
  • In 2018, there were 66.7% direct website bookings, 9.1% marketplace bookings, and 24.3% third. [0]
  • Hospitality research revealed that 10% of family travelers use ridesharing apps to get around in. [0]
  • About 20 percent of the total data in Statista comes from sources available free online, such as the World Bank and the U.S. Census, but the data also includes numerous exclusive sources which include industry, marketing, and trade groups. [1]
  • “I know a lot of you see many markets where wage growth is upwards of 25 percent or more. [2]
  • ADR during July 2021 was the highest ADR ever, according to Vail Ross, SVP, global business development and marketing for STR. [2]

Hotel Management Latest Statistics

  • There are over 91,000 hotels and motels in the US, generating over $194 billion a year according to IBISWorld. [3]
  • The motel industry has grown by 4.4% over the past 5 years in the US. [3]
  • The average occupancy rate for motels was 68% in 2018, 7 out of 10 rooms are occupied at any one time. [3]
  • On average, 2% of rooms in all U.S. hotels and motels are occupied at any given time. [3]
  • In 2018 occupancy rose by 5% to 66.2% in the US. [3]
  • Occupancy has fallen by 2% since previous years but remains high at 70%. [3]
  • The average daily rate fell by 5.8% and RevPAR fell by 7.7% in 2018. [3]
  • From this the RevPAR was $85.96, up 2.9% annually. [3]
  • Canada’s RevPAR was up 5.3% to $108.39. [3]
  • In London, ADR has grown 1.4% to ÂŁ150.90. [3]
  • Hotel occupancy rate in the UK is 76% and 2% in the US. [3]
  • The average hotel occupancy rate is slightly higher in the UK at 76% compared with the US at 66.2%. [3]
  • This is in line with the average global hotel occupancy rate of between 50% 80% with the UK being on the higher side, perhaps due to rising visitor numbers and less accommodation to choose from compared with the US. [3]
  • Hoteliers spend on average 33% revenue on labour costs. [3]
  • The International Labour Office estimates 55% of the global hotel workforce is female. [3]
  • 29% of those working in the hotel hospitality industry is under 21 years old. [3]
  • 39% of front of house staff leave within the first 90 days. [3]
  • 88% of Americans choose to book their accommodation online. [3]
  • A study conducted by MMGY Global in 2017 18, found 33% of millennials are eager to use travel agents over the next 2 years. [3]
  • Approximately 41% of travellers book hotel rooms for business trips. [3]
  • 40% of business travellers stay just one night, paying $143 on average for their rooms. [3]
  • 69% of business travellers book their flight and hotel arrangements on their own. [3]
  • However, 69% of business travellers now book their own flights and hotels; this is said to be because employees would prefer to choose the flight times and preferred hotel. [3]
  • 58% of travellers chose their hotel based on whether the hotel contributed to the community and gave back to the planet. [3]
  • 7% of people will pay $10 $15 extra a night if the hotel is more environmentally friendly. [3]
  • 81% of people surveyed travelled green by using recycling facilities in their hotel. [3]
  • 70% of travellers said they would be more likely to book hotels and accommodation knowing it was eco. [3]
  • 70% of travellers would be more likely to book a hotel knowing it was eco friendly, even if they weren’t originally looking for a sustainable stay and 12.7% of people would also be willing to spend the extra money for an environmentally friendly stay. [3]
  • Global tourism accounts for 8% of greenhouse gasses and some hotels are starting to take notice and implement environmentally friendly practices to help them become more sustainable. [3]
  • Hilton remains the world’s most valuable hospitality brand, with its value up by an impressive 35% despite the COVID. [0]
  • 81% of travelers want greater digital customer service from hotel brands. [0]
  • Also, the hospitality industry exports accounted for up to 11% of total US exports in 2017. [0]
  • Moreover, the industry exports accounted for 32% of total US services exports. [0]
  • In 2018, the travel and tourism industry accounts for 10.2% of the global GDP. [0]
  • In 2016, Asia accounts for more than 30% of the global $1 trillion business travel sector. [0]
  • The travel and tourism sector is one of the fastest growing industries, accounting for over 10% of the world’s GDP. [0]
  • Apparently, large chains lose 10% to 15% of total revenue as commission paid to third. [0]
  • On the other hand, small chains and small hotels pay between 18% and 22% of their revenue as commission to third. [0]
  • As a result, wages now account for 25% to 30% of the total revenue in 2019. [0]
  • More importantly, 10% of the total global workforce is employed by the tourism industry. [0]
  • Immigrants account for 13% of the total US population. [0]
  • However, immigrants account for 31% of the total workforce in hotels and lodgings in the US. [0]
  • Pre Brexit, between 12.3% and 23.7% of the total Uk hospitality industry employees are EU nationals. [0]
  • International travel spending fell 76% while business travel spending fell 70%. [0]
  • The pandemic had a significant impact on the travel economies of all US states and territories, with Hawaii suffering the most with as much as 60% yearon year growth rate in 2020. [0]
  • Meanwhile, Mississippi suffered the least with a 2, 6% yearon. [0]
  • In total, 18 US states and territories experienced more than a 40% downturn in travel spending in 2020. [0]
  • However, 56% of consumers say they expect to travel for leisure despite the threat of COVID. [0]
  • Unfortunately, business travel is forecasted to go down by 85% compared to 2019 through April 2021. [0]
  • When making transportation decisions, it was found that 52% of travelers go for the fastest option, 34% go for the most affordable option, and 34% want options where kids are easier to manage. [0]
  • Hospitality data show that 55% of the global cruise passengers are from the United States. [0]
  • Interestingly, only 5% of travelers with Gen Alphas, use a cruise ship as the mode of transport for family travel. [0]
  • As of January 2021, the shares of prominent cruise companies Royal Caribbean and Norwegian Cruises have dropped by 60%. [0]
  • 54% of travelers with Gen Alpha use the plane as the mode of transportation for family travel. [0]
  • At the low point in April 2020, global air travel was about 95% below 2019 levels. [0]
  • The 7day average of road trips reached a pandemic low of 72% yearonyear growth in early. [0]
  • The summer of 2020 saw a yearonyear decline of. [0]
  • The strongest pandemic performance was recorded over the Labor Day holiday with just a 5% yearon. [0]
  • Moreover, 47% of travelers with Gen Alphas, use their cars for family travel. [0]
  • On the other hand, 28% walk, 27% use rental cars, 21% use a taxi, and 6% use bikes. [0]
  • It continued to improve slightly in September with a yearonyear growth rate of. [0]
  • However, the year ended with $57 billion ( 39% y/y growth rate). [0]
  • 71% of global travelers expect travel service providers to deliver sustainable travel choices. [0]
  • Before the COVID 19 pandemic, it was estimated that by 2024, the total number of annual international visitors to the US will be 95.5 million. [0]
  • Millennial Travelers Statistics Around 82% of millennials traveled in 2019. [0]
  • 66% of millennials book their trips using a smartphone while 74% use it for research. [0]
  • Meanwhile, up to 64% of millennials book hotel rooms on their smartphones. [0]
  • Moreover, 25% of Millenials find their holiday accommodation through social media platforms. [0]
  • 23% of millennials have checked in their holiday accommodation using a smartphone. [0]
  • On the other hand, 97% of millennials post their holiday pictures on social media. [0]
  • More importantly, 80% of millennials are likely to settle for a service that sends recommendations based on their budget and preferences. [0]
  • Interestingly, 78% of millennials prefer to spend their earnings on experiences and not things. [0]
  • However, 48% of Millennials say that they are concerned about contracting COVID 19 if they travel. [0]
  • Actually, 95% of travelers with Gen Alphas say that keeping their family happy and entertained is of the utmost importance. [0]
  • The majority (55%) of family traveler take trips to relax, 54% take family play vacation, visiting family/friends (47%), sightseeing (41%), romantic gateway (25%), special event (21%), and bleisure trips (21%). [0]
  • Interestingly, family travel decisions are influenced by travel review sites (63%), family/friends/colleagues (46%), search engine (46%), young children (43%), social media (35%), online videos (28%), online ads (22%). [0]
  • Most importantly, appealing imagery influences 54% of travel decisions. [0]
  • Other things that influence decisions include deals (53%), informative content (50%), helpful reviews (44%), and simple language (35%). [0]
  • In light of the pandemic, 39% of travelers say they intend to choose less crowded destinations and ones that have extensive hygiene programs. [0]
  • In fact, this industry accounts for approximately 20% of the total hospitality. [0]
  • In 2020, hotel occupancy averaged just 44%, which is 33% lower than in 2019. [0]
  • was just $45, which is 48% lower than in 2019. [0]
  • After reaching its best pandemic performance in September with a yearonyear growth rate of 28%, the yearonyear change in hotel occupancy once again fell to 35% in November before slightly improving to 32% in December 2020. [0]
  • Luxury hotels performed the worst during the pandemic, with only 21% occupancy in December 2020 compared to 68% in December 2019. [0]
  • On the other hand, economy hotels performed better, with 45% occupancy in December 2020, just 3% below December 2019 (48%). [0]
  • As the hotel sector was heavily impacted by the COVID 19 pandemic, hotel brands could lose up to 20% of their cumulative value, equating to $14 billion. [0]
  • At 41% location weigh heavily in accommodation decisions followed by family needs (39%), price (36%, family friend offerings (31%), room size (31%), and deal/promotion (21%). [0]
  • Interestingly, 37% of vacation travelers prefer staying at a value hotel than at a shared lodging. [0]
  • Once checked in, 90% of millennials connect to the hotel WiFi. [0]
  • 58% of family travelers stayed in a hotel on their last trip. [0]
  • On the other hand, 21% stayed in a resort, 17% were hosted by friends/family, and 16% stayed in a vacation rental. [0]
  • In light of the pandemic, 50% of travelers say mask enforcement is their leading factor in deciding where to stay. [0]
  • 24% of family travelers spend most on hotels, 16% on food, 15% on a flight, 10% on tours, 10% of transportation, and 8% on shopping. [0]
  • Fun and entertainment activities in the family travel itinerary include theme parks and attractions (74%), water activities (67%), outdoor activities (55%). [0]
  • Others include water activities dining experiences (40%), Museum visits (38%), educational experiences (28%), and guided tours (26%). [0]
  • 55% of global travelers say they are determined to make effective travel choices, but face multiple barriers when trying to actualize this. [0]
  • 51% of US travelers who decide to go on a trip spend up to seven days conducting research. [0]
  • Additionally, 70% of global travelers are more likely to book an eco friendly accommodation, whether they are looking for a sustainable stay or not. [0]
  • More importantly, according to Google data, flights and hotels are booked in advance of 12 weeks. [0]
  • Travelers who book their activities ahead spend 81% more on transportation and 47% more on accommodation. [0]
  • Meanwhile, 48% of experience bookings happen when visitors arrive at their destination. [0]
  • On the other hand, according to another Deloitte US Travel and Hospitality Outlook report, US hotel gross bookings revenue in 2017 was $185 billion. [0]
  • In 2017, smartphones accounted for 43% of the total travel. [0]
  • Besides, they accounted for nearly 23% of all logistics. [0]
  • Interestingly, 25% of hospitality and leisure CEOs think AI will significantly impact the way they operate in the next five years. [0]
  • Moreover, 70% of millennials are likely to book holiday accommodation using a tech amenity like mobile payments, Smart TVs, or keyless entry. [0]
  • Interestingly, hotels that are using virtual tours are getting up to a 135% increase in online revenue. [0]
  • 49.4% of all Hotel Managers are women, while50.6%aremen. [4]
  • The most common ethnicity of Hotel Managers is White (66.0%), followed by Hispanic or Latino (12.6%) and Asian (10.0%). [4]
  • In 2021, women earned 94% of what men earned. [4]
  • The top 10% of highest paid Hotel Managers earn as much as $98,000 or more. [4]
  • Among Hotel Managers, 49.4% of them are women compared to 50.6% which are men. [4]
  • The most common ethnicity among Hotel Managers is White, which makes up 66.0% of all Hotel Managers. [4]
  • Comparatively, there are 12.6% of the Hispanic or Latino ethnicity and 10.0% of the Asian ethnicity. [4]
  • White, 66.0% Hispanic or Latino, 12.6% Asian, 10.0% Black or African American, 8.0% Unknown, 2.5% American Indian and Alaska Native, 0.9% Hotel Manager Race Percentages. [4]
  • Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010 2019 among Hotel Managers. [4]
  • Interestingly enough, the average age of Hotel Managers is 40+ years old, which represents 57% of the population. [4]
  • 57% of Hotel Managers earn that degree. [4]
  • A close second is Associate Degree with 18% and rounding it off is High School Diploma with 11%. [4]
  • Bachelors, 57% Associate, 18% High School Diploma, 11% Diploma, 6% Other Degrees, 8% Hotel Manager Degree Percentages Hotel Manager Wage Gap By Education. [4]
  • < 50 employees 50 100 employees 100 500 employees 500 1,000 employees 1,000 10,000 employees > 10,000 Company Size Percentages Employees with the Hotel Manager job title have their preferences when it comes to working for a company. [4]
  • By looking over 4,088 Hotel Managers resumes, we figured out that the average Hotel Manager enjoys staying at their job for 1 2 years for a percentage of 40%. [4]
  • Job Title LGBT Job Openings Green Building Design Specialist 2.16% 33,040 Senior Manager Engineering And Operations 8.13% 124,560 Aquatic Director 8.41% 18,985 Trauma Program Manager 10.10% 86,660. [4]
  • Hotel Manager 12.07% Corps Member 12.85% 33,600 Slot Manager 14.43% 68000.00%. [4]
  • The most common foreign language among Hotel Managers is Spanish at 36.1%. [4]
  • The secondmost popular foreign language spoken is French at 16.9% and German is the third most popular at 10.5%. [4]
  • Spanish, 36.1% French, 16.9% German, 10.5% Italian, 5.5% Russian, 5.0%. [4]
  • Global revenue for travel and tourism is estimated to decrease by 34.7% to an estimated $447.4 billion. [5]
  • The tourism industry lost 1.5% of global gross domestic product after four months of being shut down, reported the UN Conference on Trade and Development. [5]
  • If international tourism remains shut down over 12 months, the UN predicts a loss of 4.2% global GDP. [5]
  • The consulting firm predicts that international tourist arrivals will decrease 60 80% in 2020, and tourism spending is not likely to return to pre crisis levels until 2024. [5]
  • Statista reports that the “yearover year decline of seated diners in restaurants worldwide was a staggering 41.36% on August 23, 2020.”. [5]
  • Some reports predicted that the loss in travel related jobs caused the U.S. unemployment rate to double from 3.5% in February to 7.1% in March/April. [5]
  • In April, when many states encouraged or mandated that residents stay home, tourist arrivals in Hawaii fell 99.5%. [5]
  • Tourism accounts for 21% of Hawaii’s economy. [5]
  • Florida also faced a drop in tourism, with their tourism sector declining 10.7% in the first quarter of 2020. [5]
  • On April 11, 2020, only 3% of hotels in Austin, Texas were occupied 342 rooms were booked, compared to 10,777 in 2019. [5]
  • Statista predicts a drop in spending of $355 billion in 2020 in the US, a decrease of 31%. [5]
  • 45% of destinations implemented total or partial border closures; 17. [5]
  • 30% of destinations suspended flights totally or partially; 18. [5]
  • 18% of destinations enforced border closures aimed at a specific group of destinations; 19. [5]
  • 7% of destinations required visitors to quarantine or implemented similar measures. [5]
  • Despite many governments providing aid to the airline industry, passenger revenue is estimated to drop by $314 billion in 2020 — a 55% decrease from 2019, according to the International Air Transport Association. [5]
  • As of May 4, 2020, international flights had decreased by 80% as compared to 2019. [5]
  • Ticket prices may rise by as much as 50%, according to Alexandre de Juniac, the head of IATA. [5]
  • One company tracking ticket prices during the height of COVID 19 found that fares through April 13 and May 4 rose 13.7% and 10.9% year over year, respectively. [5]
  • Since mid February, hotels in the US have lost more than $46 billion in room revenue, according to the AHLA. [5]
  • In the US, AHLA found that individual hotels and major operators are projecting occupancies below 20%. [5]
  • For many occupancies, a rate of 35% or lower makes it impossible to stay open – and many accommodations are closing altogether. [5]
  • McKinsey predicts that COVID 19 is likely to accelerate the shift to digital. [5]
  • Casein point more than 90% of recent trips in China were booked within seven days of the trip itself. [5]
  • In the worst case scenario, RevPAR will be down 20% by 2024. [5]
  • A July 2020 Ipsos survey found that 51% of Americans are willing to stay at a hotel, the same percentage as the month before. [5]
  • The platform, which relies on hosts, has seen 64% of guests canceling or planning to cancel their bookings since the pandemic began. [5]
  • 47% of hosts don’t feel safe renting to guests 36. [5]
  • 70% of guests are fearful to stay at an Airbnb 37. [5]
  • Hosts anticipate a 44% decrease in revenue for June through August 38. [5]
  • Hyatt reported a $236 million second quarter loss, a 376% drop in income since the same quarter in 2019. [5]
  • In the US, full service restaurant reservations dropped starting in March – visits were down by 41% across the country. [5]
  • The scheduling tool Homebase reported that the number of hours worked at local restaurants and bars dropped 40% by March 17, while the number of hourly workers overall declined 45%. [5]
  • Industry advocacy group James Beard Foundation found that restaurants, on average, laid off 91% of their hourly workforce and 70% of salaried employees due to COVID 19 and closures resulting from the pandemic. [5]
  • In person dining may be off limits, but in one survey, 33% of consumers said they’re getting more takeout than before the pandemic. [5]
  • UNESCO reported on International Museum Day that nearly 90% of cultural institutions had to close their doors during the pandemic; almost 13% may never reopen. [5]
  • Safari bookings, according to one survey, are down by 75% or more, jeopardizing the tourism industry in countries that need internationla visitors badly to support their economy. [5]
  • The CDC issued a nosail order for cruise ships, finding in their study that 80% of ships within U.S. jurisdiction had cases of COVID19 on board during March. [5]
  • Mastercard recorded a 45% drop in travel related transactions as compared to the same period last year. [5]
  • In March, 77% of members of the American Society of Travel Advisors , an organization for travel agencies, predicted they would be out of business in six months or less. [5]
  • The pandemic has deeply impacted business travel this sector is predicted to lose $810.7 billion in revenue this year. [5]
  • Experts are predicting that 5 10% of business travel will be permanently lost, due in part to remote working tools that enable virtual meetings. [5]
  • Business travel declined 89% as a result of COVID 19, more than the Great Recession and 9/11 losses combined. [5]
  • In 2018 1.4 billion travelers took international trips, and the number of tourists taking domestic trips is likely higher. [5]
  • Globally, tourists took around 1 billion international trips in 2020, which was around 30% less than the expected 1.46 billion trips, due to travel restrictions and less demand for travel during the COVID. [5]
  • Estimates of the pandemic’s impact on tourism range from a drop in international arrivals and revenue between 20% and 70% compared to 2019 levels. [5]
  • The hotel and tourism industry typically accounts for about 10% of worldwide GDP. [6]
  • However, in 2020, when the COVID 19 pandemic hit, the hotel industry made up just 5.5% of global GDP. [6]
  • Global hotel revenue hit $198.6B in 2020 after dropping by 46% compared to 2019. [6]
  • 2021 revenue is expected to rebound to roughly $285B in 2021, but full recovery isn’t likely until 2024. [6]
  • However, occupancy dropped to 13.3% in Europe at the beginning of the pandemic. [6]
  • According to Brand Finance, Hilton is the most valuable hotel brand in the world, with a brand value of $7.6B in 2021, although it is the fourth largest in terms of number of hotels, with around 6,000 properties. [6]
  • Independent Hotels Around 40% of US hotels are independent, according to STR in 2019. [6]
  • In 2017 boutique hotels accounted for 3.2% of hotel rooms in the US, but 5.6% of national hotel room revenue. [6]
  • Boutique hotels typically outperform nonboutique hotels in ADR and occupancy; in 2017 boutique hotels saw 6.9% higher occupancy and 64.7% higher ADR compared to non. [6]
  • Additionally, 70% of global travelers are more likely to book an eco friendly accommodation, whether they are looking for a sustainable stay or not. [6]
  • More importantly, according to Google data, flights and hotels are booked in advance of 12 weeks. [6]
  • Travelers who book their activities ahead spend 81% more on transportation and 47% more on accommodation. [6]
  • The most valuable travel and tourism brand in the world, according to Brand Finance’s 2021 list, isn’t an accommodation company or an airline. [6]
  • According to Kalibri Labs, 27% of hotel bookings are made through the property directly, 25% through the hotel’s own website, and 16% through online travel agencies in 2019. [6]
  • The average booking window, or lead time, for hotel bookings in the US is about 25 days, according to Kalibri Labs. [6]
  • A 2021 study by Bloomberg found that 84% of global CEOs planned to spend less on business travel post. [6]
  • Millennials, especially millennial leisure travelers, are slightly less likely to be part of hotel loyalty programs than their older counterparts, according to a 2019 PwC study. [6]
  • Guest Preferences 40% of hotel guests are likely to write a guest review after a positive experience, while 48% of hotel guests are likely to write one after a negative experience, according to Review Trackers. [6]
  • always or often read reviews before booking their accommodations, compared to 72% of travelers who read reviews before booking restaurant reservations or tour tickets. [6]
  • In the 2021 release of Booking.com’s annual Sustainable Travel Report, 61% of travelers reported that the pandemic has inspired them to travel more sustainably. [6]
  • 81% of travelers also stated that they wanted to stay in sustainable accommodations in the next year. [6]
  • In an Expedia survey conducted in 2021, 59% of travelers reported they would spend more to improve the sustainability of their trips. [6]
  • According to a 2014 survey from Hotels.com, about 35% of guests admitted to stealing something from a hotel before. [6]
  • An Expedia study found that in 72% of cases, travelers will choose a hotel with a higher guest review score over one with a brand name or a lower price. [6]
  • For example, guests would pay 35% more for a hotel with a score of 4.4 compared to a hotel with a score of 3.9. [6]
  • As of October 2021, the unemployment rate in the hotel industry was 7.5%, which is higher than the national unemployment rate in the same month of 4.6%. [6]
  • Unemployment in the hotel industry reached a peak in April 2020 at 39.3%. [6]
  • 1% of hospitality industry employees were represented by unions in 2020, and 1.6% of employees were members of unions. [6]
  • Hoteliers spend on average 33% revenue on labour costs. [6]
  • The International Labour Office estimates 55% of the global hotel workforce is female. [6]
  • 29% of those working in the hotel hospitality industry is under 21 years old. [6]
  • 39% of front of house staff leave within the first 90 days. [6]
  • Image Market Recovery Monitor 16 April 2024 U.S. hotel occupancy for 1016 April 2024 dropped by the largest weekon week amount of the past 14 weeks. [7]
  • The U.S. hotel industry reported higher performance than the month prior, along with better indexed comparisons with 2019, according to 2024 data from STR. [7]
  • Another point I want to make … is that there 600 projects in the pipeline that are currently unbranded; typically, about 90 percent of those will ultimately select a brand. [2]
  • In terms of new hotel openings in the U.S. during the second half of 2021, Lodging Econometrics is forecasting 51,754 rooms to open, resulting in a 2 percent growth rate for 2021. [2]
  • LE also is forecasting a 2 percent growth rate for 2024 and 2024 as well. [2]
  • “We saw attrition levels there in jobs like housekeeping, which are always high—we almost always replace every housekeeping role at least once a year—we saw that increase by over 60 percent. [2]
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate RewardsÂŽ. [8]
  • 16.24% 23.24% Variable $95 Deal Alert. [8]
  • Your points are worth 25% more value when redeeming for travel through the Chase travel portal. [8]
  • Your points are worth 50% more value when redeeming for travel through the Chase travel portal. [8]
  • Your points are worth 25% more when redeemed for airfare through ThankYou Travel Center. [8]
  • Preferred Rewards customers get an extra 25% to 75% bonus rewards based on your tier. [8]
  • Miles also offers a 0% intro APR on purchases for a period of 14 months (after that, a 12.24% 23.24% Variable APR). [8]
  • One Journey offers 1% cash back on all purchases. [8]
  • If you pay your card on time, you can boost your cash back to a total of 1.25% for that month. [8]
  • Your points can be redeemed for travel through the Chase travel portal for 25% more value. [8]
  • You’re likely to get better exchange rates for purchases with a no foreign transaction fee credit card 1. [8]
  • Usually, this adds an extra 3% to every purchase. [8]
  • , there’s an annualized employee turnover rate of 73.8 percent in the hotel industry, according to the Bureau of Labor Statistics. [9]
  • That’s more than 6 percent of staff departing every single month. [9]
  • Checking in Industry players will likely continue expanding abroad into emerging economies Hotels & Motels in the US industry trends. [10]
  • attach_money Market Size $133bn business Number of Businesses 92,746 poll Average Industry Profit Margin x.x% Purchase this report or a membership to unlock the average company profit margin for this industry. [10]
  • Operating shortterm motels 00.5% increase 0. [10]
  • * Students will be required to complete the Business Computer Proficiency exam with a score of 80 percent or higher or complete IM 2010 or IM 2600 with a grade of B. [11]
  • According to the U.S. Bureau of Labor Statistics’ current Occupational Outlook Handbook, job growth for hotel managers is expected to increase at the rate of 9% through 2029. [12]
  • Ninetyseven percent received full time employment offers and 96 percent accepted offers within four months of graduation. [13]
  • The Nolan School class of 2021 graduates received an average base salary of $71,134, a 3 percent increase over the average base salary of the class of 2020. [13]
  • US work authorized graduates earned slightly less than the average at $9,650 while non US work authorized graduates earned almost 13 percent more than the average at $11,160. [13]
  • HospitalityN/AN/AN/A2% Food and BeverageRestaurant$62,009$67,500$28,800. [13]
  • Event SpaceN/AN/AN/A2% Other Food and Beverage$69,125$65,000$58,500. [13]
  • The real estate industry employed the second highest percentage of graduates at 17 percent, while 13 percent accepted jobs in general management. [13]
  • Only Real Estate Development$76,000$85,000$55,000. [13]
  • Banking$87,083$85,000$75,000 $100,0008% Private Equity$80,408$80,000$65,000. [13]
  • *Totals over 100% due to rounding. [13]

I know you want to use Hotel Management Software, thus we made this list of best Hotel Management Software. We also wrote about how to learn Hotel Management Software and how to install Hotel Management Software. Recently we wrote how to uninstall Hotel Management Software for newbie users. Don’t forgot to check latest Hotel Management statistics of 2024.

Reference

  1. financesonline – https://financesonline.com/hospitality-statistics/.
  2. unlv – https://guides.library.unlv.edu/HMD395/statistics.
  3. hotelmanagement – https://www.hotelmanagement.net/own/numbers-take-center-stage-during-day-1-lodging-conference.
  4. condorferries – https://www.condorferries.co.uk/hotel-industry-statistics.
  5. zippia – https://www.zippia.com/hotel-manager-jobs/demographics/.
  6. hoteltechreport – https://hoteltechreport.com/news/tourism-industry-statistics.
  7. hotel-online – https://www.hotel-online.com/press_releases/release/what-hospitality-statistics-mean-to-your-hotel-business/.
  8. str – https://str.com/.
  9. creditdonkey – https://www.creditdonkey.com/hotel-industry-statistics.html.
  10. hotelmanagement – https://www.hotelmanagement.net/4-truths-about-hotel-worker-employee-retention.
  11. ibisworld – https://www.ibisworld.com/united-states/market-research-reports/hotels-motels-industry/.
  12. uvu – https://www.uvu.edu/catalog/current/departments/organizational-leadership/hospitality-management-bs/.
  13. allculinaryschools – https://www.allculinaryschools.com/hospitality/hotel-management-jobs-outlook/.
  14. cornell – https://sha.cornell.edu/admissions-programs/undergraduate/careers/employment-statistics/.

How Useful is Hotel Management

One of the key aspects of hotel management is customer service. Hotel managers are responsible for ensuring that guests have a comfortable and enjoyable stay, addressing any issues or concerns that may arise during their time at the hotel. This involves not only responding to guest feedback and requests promptly but also anticipating their needs and exceeding their expectations.

In addition to customer service, hotel management also involves overseeing the day-to-day operations of the hotel, from managing housekeeping and maintenance to coordinating with the kitchen staff and ensuring that the hotel is compliant with safety and health regulations. A good hotel manager must be able to juggle multiple responsibilities and think on their feet to ensure that the hotel runs smoothly and efficiently.

Another important aspect of hotel management is financial management. Hotel managers are responsible for setting budgets, managing expenses, and maximizing revenue, all while ensuring that the hotel maintains high standards of service and cleanliness. This requires a keen understanding of financial principles and excellent attention to detail to track expenses and revenue accurately.

Hotel management also plays a crucial role in marketing and sales. Hotel managers are responsible for attracting guests to the hotel through strategic marketing campaigns and promotions, as well as maintaining relationships with corporate clients and travel agencies to secure repeat business. This requires strong communication skills and networking abilities to build connections and promote the hotel effectively.

Furthermore, hotel management is a dynamic field that offers numerous opportunities for growth and advancement. From entry-level positions to managerial roles, there is a wide range of career paths available for those interested in pursuing a career in hotel management. With the right skills and experience, hotel managers can advance to higher positions within a hotel chain or even move into roles in hospitality consulting or hotel development.

In conclusion, hotel management is a vital field within the hospitality industry that plays a crucial role in ensuring a positive guest experience. Hotel managers are responsible for overseeing all aspects of hotel operations, including customer service, financial management, marketing, and sales. With the right skills and experience, a career in hotel management offers a rewarding and fulfilling career path for those interested in the dynamic world of hospitality.

In Conclusion

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