Partnership with Hotel Effectiveness® to accelerate cost-saving initiative
DALLAS, TX – Remington, a leading hotel management company, has a long-established reputation for delivering above-market performance and quality within the hospitality industry. Its 51-year history of operational excellence is marked by a desire for innovation and technology-enabled process improvement. At the recent Hotel Data Conference in Nashville, Ben Vega, Remington’s Senior Vice President of Analytics and Optimization, demonstrated an approach to increasing operating profits by using advanced analytics combined with the Hotel Effectiveness ® labor management system.
“Hotels have been using data for revenue management for decades. More recently, it has become common to use customer data for direct marketing and sales efforts. Very few hotels have taken advantage of their own labor and productivity data to tackle their biggest (and fastest-growing) cost – labor,” said Vega. “We have identified significant improvement opportunities, which are driving increased profit margins even as wages continue to rise.”
Hotel Effectiveness provides a labor management system that combines a hotel’s operational forecast with property-specific productivity standards to eliminate overstaffing and optimize overtime and contractor usage through an easy-to-use scheduling interface. On its own, the Hotel Effectiveness solution has been shown to deliver 5% to 15% labor cost savings. Remington uses the real-time data from Hotel Effectiveness to identify trends and productivity enhancements to deliver an even greater impact to gross operating profit.
“Unlocking operational data for profit improvement is the next frontier for smart hoteliers,” said Del Ross, Chief Revenue Officer for Hotel Effectiveness. “Remington is better prepared to handle tough market conditions than most other management companies in the USA.”
Remington is a dynamic and growing hotel management company providing top-quality service and expertise in property management. With over 50 years of experience in the hospitality business, Remington’s track record of success demonstrates a unique understanding of the hotel business in all phases of the lodging cycle. As a result of its success, Remington has become the premier service provider to the hospitality industry™. For more information, visit www.remingtonhotels.com.
About Hotel Effectiveness ®
Hotel Effectiveness is the only complete labor management system designed exclusively for hotels and hotel management companies. Hotel Effectiveness helps more than 3,000 hotels across more than 70 hotel brands achieve rapid return on investment through matching employee schedules with customer demand. From economy hotels to large convention hotels and luxury resorts, the solution is a fit for all types of properties.