2013 Hospitality Giants: Firms and Fees
So, firms have more work, and they’re staffing up to meet this demand. Total employees for these Giants just hit 6,580, the most in five years, and the average fees earned by each staffer rose 11 percent, to $130,000. But one global refrain is undeniable: The dichotomy between flourishing businesses and stagnant employee salaries is widening. Since
Interior Design
started tracking this data for hospitality work specifically, pay for design staff has remained largely unchanged. Five years ago, the average was about $63,230 per year for designers, $92,625 for project managers, and $150,000 for partners. This year’s numbers are $63,750, $92,500, and $147,000, respectively. Hourly billing rates have also continued to hover at an average of $125 an hour.
It’s hard to say if we’ll see salary growth anytime soon, but the design business is undeniably thriving. That’s reason enough to pause to toast even better times ahead—at the newly renovated hotel bar of your choice, of course.
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|
Firm |
2013 |
2012 |
Increase |
|
HBA (#1) |
$100,107539 | $88,360,000 |
$11,747,539 |
|
CCD/Cheng Chung Design (#3) |
$46,479,004 | $35,221,750 |
$11,257,254 |
|
VOA Associates (#8) |
$3,691,078 | $3,691,078 |
$9,897,854 |
|
Rottet Studio (#22) |
$7,405,868 | $2,460,098 |
$4,945,769 |
|
Wimberly Interiors (#15) |
$10,000,000 | $6,000,000 |
$4,000,000 |
|
HOK (#7) |
$15,235,800 | $11,540,216 |
$3,695,584 |
|
EDG Interior Architecture + Design (#20) |
$7,499,602 | $4,668,000 |
$2,831,602 |
|
Steelman Partners (#19) |
$8,550,000 | $6,650,000 |
$1,900,000 |
|
RDH Interests (#43) |
$3,089,088 | $1,264,900 |
$1,824,188 |
|
Jeffrey Beers International (#27) |
$5,600,000 | $3,800,000 |
$1,800,000 |
2013 Hospitality Giants Listing
2013 Hospitality Giants: Growth
