Hilton’s President and CEO Christopher Nassetta has been awarded $58.7 million in pay Last year, as Skift reported late last month.
Nassetta topped nine other hotel CEOs in terms of compensation. Our list is updated with a complete list of names, as other hotel operators finally reported their executive salaries to the U.S. Securities and Exchange Commission.
Hotel Group CEO Compensation 2024
| The following are some of the most effective ways to increase your ROI: | Hotel Group | Compensation Paid | Compensation Paid in 2023 |
|---|---|---|---|
| Christopher Nassetta | Hilton | $58.7 Million | $56,8 million |
| Anthony Capuano | Marriott | $55.9 million | $55.5 Million |
| Geoffrey Balotti | Wyndham | $25,4 Million | 16 Million Dollars |
| Robert Goldstein | Sands Resorts | $21.9 Million | $12.5 Million |
| Mark Hoplamazian | Hyatt | $20.4 Million | $56.4 Million |
| Patrick Pacious | Choice Hotels | 16 9 million dollars | $6 Million |
| Craig Billings | Wynn Las Vegas | $14,2 Million | $17.5 Million |
| Elie Maalouf | IHG | Six-nine million dollars | £4.2 million |
| Sébastian Bazin | Accor | Six Million Dollars | €5.35 million |
| William Hornbuckle | MGM Resorts | $2 Million | $17 Million |
What are the numbers? Skift’s hotel listings in the U.S. are categorized by “compensation actually paidThe SEC introduced the “amount” in 2023 to reflect the value of options and stock awards at the end of the year..
Hilton CEO Christopher Nassetta receives $58.7 million
Hilton’s Nassetta was paid 3% more in 2024 compared to the previous year. One major reason: Hilton’s stock price rose 36% Over the course of the year. Hilton opened more than 100,000 rooms last year, the most in company history.
Nassetta, like his CEO peers, received the majority of his compensation as possible incentive-based compensation. This included annual incentives and stock award.
Nassetta’s salary base was $1.3 million per year. the filing. He received both annual cash bonuses and long-term incentives, delivered by a combination of performance stock units (50%) restricted stock unit (25%) and stock option (25%).
Hilton set a key goal for Adjusted EBITDA in 2024. This metric exceeded the target by 2 percent.
Nassetta’s long-term incentives awarded in February 2024 are valued at $23,1 million. Around half of the awards were based upon four metrics: adjusted EBITDA growth, free cash flow, net unit growth based on compound annualized growth rates, and revenue growth per available room index.
Marriott CEO Anthony Capuano receives $45,9 Million
Marriott’s CEO Anthony Capuano, Marriott’s president and chief executive officer, saw his compensation drop 17% in comparison to the previous year.
Capuano’s incentive-based compensation was tied to a number of factors. Marriott achieved a goal to earn at least $4.4 Billion in adjusted EBITDA.
Marriott also set high targets in terms of the independent ratings of its employees’ satisfaction with the company, the number of “active” members of the Marriott loyalty program, the average score guests gave on surveys regarding their intention to recommend brands of the group and the success of the company in achieving net room growth targets.
Geoffrey Ballotti, Wyndham CEO: $25.4 Million
Geoffrey Ballotti, Wyndham’s President and CEO made about $25.4 million last yearA 58% rise over the previous years.
Ballotti’s compensation has grown along with the hotel franchiser’s financial performance. The company’s stock price rose nearly 40% The increase is about 70% over the past year.
Another of the company’s top financial performance metrics — adjusted EBIT per share — increased to $8.11 in 2024, up from $7.18 in 2023, continuing a five-year growth trend.
Las Vegas Sands CEO Robert Goldstein: $23.2 Million
Goldstein’s compensation from Las Vegas Sands was based on the company’s ability to achieve key operational and strategy objectives, in particular, its Asian markets. It also reflected a 7 percent increase in share prices over the course of the year.
Goldstein was the leader of Marina Bay Sands, which achieved an adjusted EBITDA record of $2.05billion in Singapore, a 10% increase year-over-year, despite continuing renovations.
The company has also completed capital projects in Macao. This includes a $1.2 billion new phase of work for The Londoner Macao. Its Macao operations have grown despite a highly competitive environment. Sands finalized an supplemental agreement for an $8 billion expansion adjacent to Marina Bay Sands with the Singapore Government.
Hyatt CEO Mark Hoplamazian: $20.4 Million
Hyatt Hotels has awarded CEO Mark Hoplamazian a compensation of $20.4 million, which is actually paid out for 2024.
Hoplamazian’s pay was heavily influenced by three important metrics, including adjusted EBITDA and total shareholder returns. The hotel giant achieved a solid adjusted EBITDA figure of $1.19billion, while its shareholder returns increased 21%. Net rooms grew 7.8%.
The board had set a goal for adjusted EBIDTA which the company failed to meet. Hoplamazian also had goals set for him, like driving efficiency by adopting AI or improving brand focus within the commercial and operation teams. But it found that only 80% were met.
Hoplamazian was awarded a $3 million special performance share award. This is the first installment in a 5-year incentive plan that could be worth $15 million.
Choice Hotels CEO Patrick Pacious: $16.9 Million
Patrick Pacious, CEO at Choice Hotels, received a compensation of $16,9 million dollars in 2024.
Choice’s performance in terms of financial results was evident from the compensation package. Operating income for the year reached $514.1 and net profit $299.7 millions.
Stock prices for the hotel chain increased by 25% in one year, boosting the value Pacious’s equity awards.
Wynn Resorts CEO Craig Billings: $14.2 Million
Wynn has achieved its highest adjusted property EBITDAR in Las Vegas history, with $946.8 Million. Macau’s adjusted property EBITDA grew by 23.2% to $1.1 billion.
The luxury resort company has made significant progress in its growth plans, including the construction of Wynn Al Marjan Island, which is now at the 38th level, located in the UAE. The company simultaneously pursued New York gaming licenses and advanced non-gaming investment in Macau.
Wynn improved its financial position after repaying $1.2 Billion in debt.
IHG CEO Elie Maalouf: $6.9 Million
InterContinental Hotels Group (IHG) CEO Elie Maalouf received around $6.9 million (£7.5 million) last year, according to its annual report.
Maalouf replaces Keith Barr. IHG’s share price Maalouf took over in July 20,23. The increase between then and the end 2024 was 82%.
European companies are under regulatory and social pressure to offer CEOs compensation packages that are relatively less generous than those offered by U.S. companies.
Accor CEO: Sébastian Bazin: $6 Million
Accor Group CEO and Chairman Sébastian Bazin took home about $6 million (€5.5 million).
Bazin’s annual fixed compensation remained at €950,000 (unchanged since 2016), while his variable compensation could have reached up to 150% of a €1.4 million reference amount, depending on performance metrics.
Both financial and non-financial goals are included in his compensation package.
Quantitative compensation accounted 80% for variable compensation. This was split between financial criteria (50%) as well as extra-financial metrics (30%), including unit growth goals and environmental sustainability. Qualitative goals accounted for the remaining 20% and focused on developing a roadmap of organizational change.
Long-term incentives included performance-based shares that represented 280% Bazin’s fixed compensation for the year, linked to conditions such as EBITDA targets and free cash flow. Other criteria included energy intensity reductions, food waste management and total shareholder return in comparison to competitors.
MGM Resorts CEO William Hornbuckle receives $2 Million
William Hornbuckle received a pay package that included a base salary of $2 million, non-equity incentives worth $3.7 million, and stock awards worth $10 million. About 70% of his bonus, however, was tied to a performance goal for adjusted EBITDAR that the company did not meet.
A decline in the share price led to a drop of 22,4% in total shareholder value.
Hornbuckle didn’t receive any benefits if you use the SEC’s measurement for incentives-based awards whose market values fluctuate. MGM Resorts had a net revenue record, but Hornbuckle didn’t earn any benefits.
In 2023, Hornbuckle enjoyed a successful year and received a salary of $17 million.
Accommodations Sector Stock Performance Year-to Date
What am I seeing? The performance and stock prices of hotels and the short-term rental sector within the ST200. The index includes publicly traded companies across global markets. This includes international and regional hotel brands as well as hotel REITs and hotel management companies.
The Skift Travel 200 The combined financial performance from nearly 200 travel agencies worth more than one trillion dollars is summed into a single figure. See more hotels and short-term rental financial sector performance.
Read the full methodology behind the Skift Travel 200.
