While total US hotel occupancy has fallen more than 10% 2009 YTD, Magnuson Hotels’ reservation revenue increases have been attributed to aggressive global and local market share strategies advanced by expanded price-comparison visibility in Kayak.com and SideStep.com, two of the largest travel search sites in the world.
Launched in 2005 by co-founders of Orbitz, Travelocity and Expedia, Kayak.com and Sidestep.com allow consumers to find the best deals in seconds with the ability to compare prices from more than 440 travel brands and websites. Magnuson Hotels’ Kayak & Sidestep presence has resulted in significant additional international distribution with representative sites in UK, France, Germany, Spain, Italy, India, Sweden, Norway, Denmark and Finland.
The sites have additionally been named “Top 25 Budget-Centric Travel Websites,” by USA Today; “25 Sites We Can't Live Without” by TIME Magazine; “Best Search Engine” by the Associated Press; and “Best of the Web” by BusinessWeek, Forbes and US News & World Report.
“While key industry monitor Smith Travel Research has lowered its US forecast for the second half of 2009, Magnuson Hotels is already ahead of its original 30% end of year forecast,” stated Thomas R. Magnuson, CEO/Principal of Magnuson Hotels.
About Magnuson Hotels, the fastest growing hotel chain in history.
In only six years, Magnuson Hotels headquartered in Spokane, WA, has become the world’s largest independent hotel group, as well as the fastest growing hotel chain in history. With a current affiliate base representing aggregate assets in excess of $4.5 billion, Magnuson Hotels has recently added more affiliate hotels with its low-cost franchise alternative than 8 out of the top 10 branded hotel chains combined including Best Western, Days Inn, Super 8 and Ramada.
Magnuson Hotels was recently ranked number 914 on Inc. Magazine’s 2008 annual ranking of the 5,000 fastest-growing privately owned US companies. With a three year sales growth of 395%, Magnuson Hotels also ranked number 92 in the top 100 US business services companies. Magnuson Hotels joins past honorees including Microsoft, Oracle, Timberland, Morningstar, Jamba Juice, and Domino’s Pizza.
In addition to providing low-cost access to the world’s largest reservation system, Magnuson Hotels offers complete brand representation in all major US and Canadian markets and market segments without the costs & requirements of franchise brand affiliation.
About Magnuson Hotels, the fastest growing hotel chain in history | In only six years, Magnuson Hotels headquartered in Spokane, WA, has become the world’s largest independent hotel group, representing nearly 1,000 hotels and a current combined affiliate base with aggregate assets in excess of $4.5 billion. Since 2003, Magnuson Hotels has added more affiliate hotels with its low cost franchise alternative than 8 out of the top 10 branded hotel chains combined including Best Western, Days Inn, Super 8 and Ramada.
In 2008, Magnuson Hotels was named on Inc. Magazine’s annual ranking of the 5,000 fastest-growing privately owned U.S. companies. With a three year sales growth of 395%, Magnuson Hotels also ranked in the top 100 U.S. business services companies.
