Salaries of top managers rise as occupancy in hospitality sector improves

The remuneration of directors of hotel companies, like IHCL and EIH Ltd, has seen a rise between 8 and 250 per cent in FY22 year-on-year (YoY)

Top managers of hotel companies in India are drawing higher salaries as domestic tourism recovers, leading to a rise in occupancy. According to a report by BusinessLine, the remuneration of directors of hotel companies has seen an increase between 8 and 250 per cent year-on-year (YoY).

During the coronavirus pandemic, most executives had drawn lesser salaries compared to the pre-pandemic times.

The annual report of EIH Ltd, owners of Oberoi and ITC, showed that at least three of the top managers saw a salary hike of 25 to 262 per cent. The highest rise was seen in the salary drawn