Magnuson Hotels reservation revenue soars 36% with online giants Sidestep, Kayak
Magnuson Hotels, the world’s largest independent hotel group, announced today a 36% reservation revenue increase 2009 year to date, driven in large part by expanded global distribution through online giants Sidestep & Kayak.
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.
Phone: (509) 747-8713
About Magnuson Worldwide:
Since its launch fifteen years ago, Magnuson Worldwide has become America's fastest growing hotel brand and a top 15 global chain, marketing over 1,000 hotels across six countries and three continents. Magnuson Worlwide's newly formed distribution partnership with Chinese operator Jin Jiang Hotels and Europe's Louvre Hotels is the world's largest hotel alliance, forming a consortium of over 8,000 hotels and 800,000 rooms worldwide, equal to the size of a top 2 global hotel chain.