Predicting Lodging Manager Annual Salary Based on Metropolitan Statistical Area Attributes and Lodging Industry Performance: Exploring the Concept

Authors

Nicholas J. Thomas, DePaul UniversityFollow
Eric Adam Brown, Iowa State UniversityFollow
Donald Schoffstall, Johnson & Wales UniversityFollow
Lisa Y. Thomas, DePaul UniversityFollow

Program Web Address

http://driehaus.depaul.edu/departments/hospitality-leadership/Pages/default.aspx

Abstract

Using multiple regression analysis, lodging managers’ annual mean salaries in 143 Metropolitan Statistical Areas (MSA) within the U.S. were analyzed to identify what relationships existed with variables related to general MSA characteristics, along with the lodging industry’s size and performance. By examining the relationship between these variables, the authors predict the long-term possibility of predicting lodging industry managers’ salaries. These predictions may have an impact on financial performance of an individual lodging property or organization. Through this paper, this concept was applied and explored within U.S. MSAs. These findings may have value for a variety of stakeholders, including human resources practitioners, the hospitality education community, and individuals considering lodging management careers.

Recommended Citation

Thomas, Nicholas J.; Brown, Eric Adam; Schoffstall, Donald; and Thomas, Lisa Y. (2015) "Predicting Lodging Manager Annual Salary Based on Metropolitan Statistical Area Attributes and Lodging Industry Performance: Exploring the Concept," Hospitality Review: Vol. 31: Iss. 4, Article 5.
Available at: https://digitalcommons.fiu.edu/hospitalityreview/vol31/iss4/5