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- Managing Reputation Risk: What the Hospitality Industry Can Learn from the Banking Industry
Managing reputation risk in the hotel industry today is like operating in the reputational equivalent of a tornado zone. These are incidents that strike quickly and suddenly and are often beyond management's control. Anything from inappropriate or criminal behavior by guests to a hotel's response to a natural disaster can destroy a brand's reputation and impact its business in tangible, measurable ways. Stakeholders need to feel confident that the company has processes in place to mitigate these risks, prevent reputational damage and recover from it when it occurs. But how do hotels communicate that without inviting the attention of potentially malicious actors? READ MORE