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Hotels Industry Is Expected To Provide Many New Jobs

The Hotels Industry is expected to provide many new jobs over the year of 2006 to 2016 period. Most of the job openings will arise in full-service hotels, including convention, casino, and resort hotels...

Hotels Industry Outlook

Hotels Industry Outlook - The US hotel and motel industry consists of about 36,000 companies that operate 48,000 properties, with combined annual revenue over $120 billion. Large US companies include Marriott International, Hilton Hotels, Carlson Hotels, and Starwood Hotels & Resorts. The industry is fragmented with the 50 largest companies controlling about 45 percent of the market. The majority of hotels are part of a chain. The average revenue per hotel is about $2 million. - Resource: http://firstresearch.com

The hotels and other accommodations industry is expected grow by 5 percent over the 2008-18 period. The industry employs large numbers of part-time and younger workers who typically do not stay in these jobs for very long. The need to replace these workers will create job opportunities in an array of occupations and localities.

Employment

Hotel,motel, and resort desk clerks held about 230,200 jobs in 2008. Employment is expected 261,700 in 2018. Almost all were in hotels,motels and other establishments in the Hotels Industry. The industry provided 1.9 million wage and salary jobs in 2008.

Employment is concentrated in cities and resort areas. Compared with establishments in other industries, hotels and other accommodations tend to be small. About 74 percent employed fewer than 20 workers and 54 percent employed fewer than 10. As a result, lodging establishments offer opportunities for those who are interested in owning or running their own business. Although establishments tend to be small, the majority of jobs are in larger hotels—those with more than 100 employees.

Hotels and other lodging places often provide first jobs to many new entrants to the labor force. In 2008, about 19 percent of the workers were younger than age 25, compared with about 13 percent across all industries.

Job Prospects

In addition to job growth, job opportunities for hotel and motel desk clerks are expected to be good because of the need to replace the many clerks who either transfer to other occupations that offer better pay and advancement opportunities or who leave the workforce altogether. Opportunities for those willing to work a variable schedule should continue to be plentiful.

Earnings

Earnings in hotels and other accommodations generally are much lower than the average for all industries. In 2008, average earnings for all nonsupervisory workers in this industry were $402 a week, compared with $608 a week for workers throughout private industry. Some workers in this industry earn the Federal minimum wage, which was $7.25 per hour as of July 2009. Some States have laws that establish a higher minimum wage.

Median hourly wage of hotel,motel and resort desk clerks were $9.37 in May 2008, annual wage were$19,480. The lowest 10% earned $15,050 annually, and the highest 10% earned $28,530.

Hotels Industry Information Source: http://www.bls.gov

Hotels Industry Sources

www.bls.gov The Bureau of Labor Statistics (BLS) is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. The BLS is an independent national statistical agency that collects, processes, analyzes, and disseminates essential statistical data to the American public, the U.S. Congress, other Federal agencies, State and local governments, business, and labor. The BLS also serves as a statistical resource to the Department of Labor.

www.hcareers.com Hcareers, the leading online hospitality job board in North America, is celebrating ten years as the top recruitment source for connecting employers and candidates within the hospitality industry.

www.harborlightrecruiting.com Harbor Light Recruiting offers professional recruiting services customized to meet your immediate business needs. Based in Ft. Lauderdale, Florida the company has regional recruiting capacity throughout the United States with robust talent pools of pre-screened professionals.

www.hospitalityresourcenetwork.com Hospitality Resource Network was created by a couple who collectively worked in the hospitality industry for 32 years. Their experience spans throughout hotels including food and beverage, rooms, housekeeping, and human resources. They began their careers in front line hourly positions and worked through various other positions until ultimately managing various properties.

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