The Caterer

Hotels execs paid better than pub counterparts

12 August 2005
Hotels execs paid better than pub counterparts

Hotel executives are now better paid than their pub and restaurant counterparts, according to new research by executive compensation specialist Halliwell Consulting.

Two years ago, pub and restaurant executives were the highest paid in the industry.

Introducing performance-linked pay in the hotel sector appears to have pushed wages up.

Chief executives in the hotel sector now earn on average £572,918, compared with £326,750 for pub and restaurants heads and £437,250 for gaming bosses.

Chief execs have experienced the greatest rise in salary, more than 40% compared with 14% for finance directors and 18% for other directors.

Overall salaries have increased on average by 8% in the leisure and hotels sector, with the largest rise occurring in the leisure sector.

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