Hotel Effectiveness Revenue and Competitors

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Atlanta, GA USA

Location

N/A

Total Funding

Hospitality

Industry

Estimated Revenue & Valuation

  • Hotel Effectiveness's estimated annual revenue is currently $16.7M per year.(i)
  • Hotel Effectiveness's estimated revenue per employee is $228,600

Employee Data

  • Hotel Effectiveness has 73 Employees.(i)
  • Hotel Effectiveness grew their employee count by 16% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$7.4M57N/AN/AN/A
#2
$4.2M36N/AN/AN/A
#3
$2.5M25N/AN/AN/A
#4
$3.9M34N/AN/AN/A
#5
$2.9M29N/AN/AN/A
#6
$118.4M373N/AN/AN/A
#7
$2.7M27N/AN/AN/A
#8
$60.1M215N/AN/AN/A
#9
$1.7M19N/AN/AN/A
#10
$55M197N/AN/AN/A
#11
$2.1M24N/AN/AN/A
#12
$1.5M10N/AN/AN/A
#13
$2.4M42N/AN/AN/A
#14
$0.6M8N/AN/AN/A
#15
$1.2M14N/AN/AN/A
#16
$36.4M24223%$17.6MN/A
#17
$2M20N/AN/AN/A
#18
$7.7M38N/AN/AN/A
#19
$2M14N/AN/AN/A
#20
$0.5M7N/AN/AN/A

Rising labor costs are the #1 concern of hotel owners and operators in 2018 and 2019. While wage increases may be wonderful for the economy, double-digit hourly wage growth for most hotel staff positions reduces net operating income by significant amounts. Add to this the scarcity of labor, increased reliance on contract help, and massive overtime and NOI can be reduced by 5-10%. Hotel Effectiveness offers a solution to rising labor costs. Our intelligent, easy to use labor management system is proven to reduce total labor costs by 5% or more, and our hotels report overtime reductions of 90% in some cases. We use robust labor standards - the staffing rules developed for each hotel - combined with key operating drivers to produce dynamic work schedules for each manager. Full visibility into forecasted staffing needs, active trends, and individual employee productivity and hours enable real-time decision making to achieve 100% perfection with staffing costs. Our customers work with us because they want to improve total profitability of their hotels. We are the only labor management solution that was built specifically for hotels by hotel industry veterans, and nearly all of our growth has come through referrals. With thousands of hotels using Hotel Effectiveness to save time and reduce labor costs each day, we are becoming the must-have NOI performance tool for the industry. Are you interested in increasing your hotel's profitability We welcome the opportunity to meet with any Owner, Management Company, Asset Manager or Hotel Operator to review your current labor management practices. We'll show you how our automated labor monitoring tools can help streamline your company's day to day operations. #analytics #software #integration

keywords:Hospitality,Human Resources Hr,Travel

N/A

Total Funding

73

Number of Employees

$16.7M

Revenue (est)

16%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Hotel Effectiveness News

2022-04-17 - Labor cost index report reveals increased service levels

The spring 2022 edition of Hotel Effectiveness' Hotel Labor Cost Index and ... Rising labor hours, especially for select-service hotels: Hours of labor per...

2022-04-06 - Everwood Hospitality Partners to manage New Orleans hotel

The spring 2022 edition of Hotel Effectiveness' Hotel Labor Cost Index and Housekeeping Labor Analysis report found a trend of increasing labor per occupied...

2019-09-05 - Remington Leads the Hotel Industry By Using Data Analytics ...

Hotel Effectiveness provides a labor management system that combines a hotel's operational forecast with property-specific productivity ...

2019-08-30 - Hospitality Notes: New developer has vision for Dunwoody hotel

A new developer has emerged for a 156-room hotel planned for ... School of Hotel Administration, Genuine Hospitality and Hotel Effectiveness.

2019-08-16 - Hospitality Companies Partner for Tech Advancements

Hotel Effectiveness has partnered with Interstate Hotels & Resorts to deliver labor optimization solutions to its nearly 400 hotels in the U.S. After ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$14.7M730%N/A
#2
$300M737%N/A
#3
$12.1M747%N/A
#4
$14.1M7512%N/A
#5
$13.7M767%N/A