Hotel News Resource - SHG Consulting Hotel Industry News

Given the overwhelming data; it is essential that hotels leverage their online presence as a tool to generate more guests and more revenues. With almost half of all travelers now possessing a page posted on a social networking sites, the social media offers tools that can make the sales process faster, more efficient and ultimately, more productive. Oh and of those travelers with a social network page; 91% percent of them are posted on Facebook.

Small changes can translate into revenue opportunity for your hotel; especially when working with the internet and the other electronic distribution channels. Here's a quick checklist of potential opportunities for your hotel.

We are increasingly called upon by mortgage holders to aid hotels that are facing financial troubles. Sometimes we are called in anticipation of a foreclosure action to begin arrangements for a receivership and at other times we are called in when the mortgage holder is exercising its rights under the terms of its loan to interject professional management. Fortunately, we are noticing a new and developing trend from alert hotel owners who are aware that things 'aren't quite right' and don't understand why their hotel is not producing the revenues it should.