Rules Change For F&B Executives, Pay Varies May, 1996
|For a more detailed examination of compensation
in the Hospitality Industry you may want to participate and subscribe to
the HVS Hospitality Compensation Exchange and the Annual Reports generated
from the Hospitality Exchange...as discussed below.
HVS Hospitality Compensation Exchange
The HCE is a forum for the hospitality industry to exchange information on compensation and benefits. Annual HCE surveys are conducted for the lodging, gaming, and restaurant industries, and encompass corporate and property-level positions. Furthermore, clients have access to more focused reports through HCE Select and HCE Custom.
HCE Annual Reports
The HCE Annual Reports contain an executive summary of the national HCE survey data. The data is categorized by suitable industry criteria. For example, lodging industry results are broken out by number of rooms, average daily rate, occupancy, type, class of facility, type of management, and region. Lodging, gaming, and restaurant annual reports are available for both corporate and property-level positions. An HCE Select is $295.
HCE Select generates criteria-specific reports based on data from the national survey. Users can determine their own query parameters for an HCE Select report. The HCE Select program allows for numerous parameters to be considered simultaneously. A typical HCE Select is $250-$750.
HCE Custom creates client-defined reports from newly gathered data. HCE Custom gives clients access to information not collected in the national HCE surveys. Surveys are designed to consider an unlimited number of parameters, positions and questions. It is specially targeted to competitive properties. This ground-up approach results in a fully customized report. A typical HCE Custom is $2,500-$5,000.
Participating in the HCE
There is no charge to become a participant in the Hospitality Compensation Exchange. Confidentiality is the cornerstone of our business, protecting the reputation and data integrity of the participants is of critical importance. To that end, we only provide results in aggregate format.
A subscription to the Hospitality Compensation Exchange is available for $295 by writing to: HVS International Publications 372 Willis Avenue Mineola, New York 11501 (516) 248-8828 (516) 742-3059 fax.
Please include your name, address, phone number, and a list of the publication(s) you are interested in receiving.
You can also obtain information by emailing Keith Kefgen, President
of Executive Search at