Question: Many Cantonese dramas titles contains the suffix 風雲. Examples include:

* 法外風雲 TVB
* 酒店風雲 Korean

What does it even mean? 
A google translate gives:

* Outrage Situation ( Makes sense)
* Hotel Situation?? What does this mean?

I believe there is another meaning. If there is, what is it? Obviously, apart from wind cloud. If not, could you explain 'Hotel Situation'?

Answer: 
You will notice this pattern in a lot of titles translated in Hong Kong/Taiwan. The same movie translated in mainland China will have the `風雲` removed.

* 賭城風雲 (From Vegas to Macau)
* 無間道風雲 (The Departed)

`風雲` can be translated to `局势` (situation)

But in the case of movie titles, it is simply a fancy way of saying *The story of ...*. However emphasis on the mystery, the grandiose, and the ups and downs of the story.
Existing answers are well written. I deem that you may render it "romance" (=legend) or even simply "story".