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Salary versus RevPAR

Salary versus RevPAR - By Christopher Mumford

Do increases in RevPAR performance translate to increases in salary? Chris Mumford of HVS Executive Search takes a look at the London market to see if management salaries have increased in line with RevPAR.
It is generally the case that when trading conditions improve so too does an employee's earning power. Typically, people make more when the market is strong than during a downturn. The London hotel market has been showing signs of improved health in 2005. According to figures produced by The Daily Bench, London's five star hotels have experienced a year-on-year gain of 5.10% in RevPAR. We therefore decided to see if management's earning power has indeed increased in a corresponding manner.

Using data acquired through our proprietary HCE Hospitality Compensation Exchange(R) programme, we analysed average base salaries of seven key management positions at luxury hotels in London. We took the 2005 figures and compared them against those of 2004.

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