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17 March 2006

Horwath Reports High Incentives For Dutch Hotel Managers

Dutch hotel managers received an average bonus of € 6,500 last year. This is show in research by Horwath Consulting. The General Managers, the highest position in hotels, received an average bonus of € 18,000. The monthly salaries increased by 2.5% in 2006. The high bonuses are in direct relation to the improved results of 2005.

On average, a management position in a Dutch three, four or five star hotel comes with a monthly salary of € 3,300. Between 2002 and 2005, the salaries increased by 12.5%, or 4% per year. For 2006, a further increase of 2.5% is expected. Management positions in hotels range from department heads such as the Executive Housekeeper to the highest position of General Manager.

The monthly salary of a General Manager in a Dutch hotel is on average € 7,300. The benefits usually include a lease car and a gas pass. The value of the benefits is estimated at an average of € 22,500 per year. For many General Managers, December brought an additional incentive of € 18,000 on average; more than twice as high as in 2002. In some cases, the incentive amounted to more than four times the monthly salary. On average, the incentive was 66% of the maximum possible incentive. The incentive is usually dependent on the gross operating profit of the hotel. The occupancy of the Dutch hotels increased from 66.7% to 69.1% in 2005, which also will have resulted in higher profits.

Other well-paying positions in the Dutch Hotel Industry are Assistant General Manager, Executive Chef and Hotel Controller, which each come with a monthly salary of on average € 3,800 to € 3,900. These positions also merited high incentives in 2005, on average between € 5,000 and € 6,500.

The Compensation & Benefits Analysis for the Dutch Hotel Industry report, published by Horwath Consulting, analyses the salaries, benefits and incentives for the 23 most important management positions in the Dutch three, four and five star hotels. More than 600 contracts were analysed for this research.

CONTACT

Marco van Bruggen
Phone: +31(0)35-5489020
Email: vanbruggen@horwath.nl

ORGANIZATION

Hospitality NetHorwath Consulting (Benelux)
http://www.horwath.nl
Villa Berkheide - Van Hengellaan 2
Hilversum, 1217 AS
Netherlands, The
Phone: +31-35-5489020
Fax: +31-35-5489030
Email: info@horwath.nl

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