Magnuson Hotels Reports 20% Reservation Increase 2009 Year To Date
SPOKANE, WA -- Magnuson Hotels, the world’s largest independent hotel group, announced today a 20% increase in same-hotel reservations year to date 2009 vs. 2008, while US hotel occupancy has fallen more than 10% for the same period. Magnuson additionally reports a total 234% revenue growth 2009 YTD over 2007 same period.
Despite economic crisis conditions, significant revenue growth has been delivered to nearly 1000 Magnuson Hotel affiliates across the US and Canada, sourced primarily from increased corporate, government, military, AAA and AARP business segments. The addition of new sources of business has further strengthened Magnuson Hotels’ market position with less dependence on economy-sensitive leisure travel.
“Magnuson Hotels is dedicated to increasing revenue and reducing costs for every hotel owner battling to survive,” stated Thomas R. Magnuson, company CEO/Principal. “Our mission is to help every hotel perform as good or better than franchised competitors at a fraction of the cost, and without corporate interference in owners’ daily affairs.”
Magnuson Hotels was recently ranked number 914 on Inc. Magazine’s 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.
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.
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.
Phone: (509) 747-8713