Acquiring financing for new hotel development or acquisitions of existing properties has been near impossible over the past several years. The tepid recovery of the economy combined with a lack of new hotels, has, in fact, created a more favorable environment for investors seeking hotel projects.

Total Revenue Management for Hotels

Traditionally speaking, hotel revenue management has focused primarily on rooms. Moving forward, in order to maximize revenue and profits, hotel management teams must focus on optimizing revenue from each guest, using the entire asset. Each individual guest has the potential to generate much more revenue than just the room.

Content Marketing Will Increase Hotel Direct Bookings

Here’s the reality of today: consumers have an unprecedented impact on a hotel’s reputation and success. Building, maintaining, and nurturing consumer relationships has never been more important. Likely, your hotel has been doing that through social media, now your hotel needs to transition to the next evolution – content marketing. Content marketing will continue to build and maintain those relationships, while simultaneously attracting new consumers.

Owning, managing, and operating a hotel can be tough and complicated at times. It is imperative that a keen eye is kept on all the variables involved. The hospitality industry is constantly changing and evolving, and a successful hotel must not only keep up with the changes, but actually transform ahead of them. Long-term sustainable

HMG Hotels Announces Name Change and Rebrand. Presenting HMG Hospitality. HMG Hotels, a full ­service third party hotel management company that owns and operates branded and independent hotels in US markets, has announced that it will rebrand the current name of the company into HMG Hospitality, resulting in several changes at the executive level. In keeping