Knowledge, skills, and abilities for lodging management success.(Human Resources)

(13.) In addition, a multiple regression analysis revealed an [r.sup.2] of .218 (n = 99) and only financial management having a significantly positive effect on management success (dependent variable measurement: 2001 base salary). The regression analysis showed that for each 1-point increase in financial management knowledge, managers can potentially earn $19,500 more annually.

(14.) Chung, "Hotel Management Curriculum Reform."

(15.) A t-test for equality of means found a significantly higher (t = 9.55; p < .05) level of compensation for upper-level managers (mean = $106,100) than for middle-level managers (mean = $52, 725).

(16.) See: American Hotel & Lodging Educational Foundation, Hospitality Compensation and Benefits Survey, 2002 ed. (Washington, DC: American Hotel & Lodging Educational Foundation, 2002).

(17.) For discussion of level of experience required for competency development, see: Charles G. Partlow, "Identification of Graduate Level Competencies in Hospitality Management," Hospitality Research Journal, vol. 14, no. 2 (1990), pp. 223-29. For information on managerial experience, see: Woods et al., "Hotel General Managers," p. 43.

(18.) Woods et al., "Hotel General Managers."

(19.) Carper, "People, Trends and Ideas."

(20.) Beth Chung-Herrera, Cathy Enz, and Melenie Lankau, "Grooming Future Hospitality Leaders: A Competencies Mode," Cornell Hotel and Restaurant Administration Quarterly, vol. 44, no. 3 (June 2003), pp. 17-25.

Christine Kay, DBA, is an adjunct professor of marketing at Florida International University School of Hospitality and Tourism Management (clkay@gate.net), where Elisa Moncarz is a professor of accounting and finance (moncarze@fiu.edu).

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