Magnuson Hotels Sees 18% Revenue Increase YTD
London UK/Spokane WA -- Magnuson Hotels, America's fastest growing hotel brand, today announced an 18% reservation revenue increase this year to date, over 2015.
While much of the world growth is holding below 3%, factors driving the performance increase are: a significant increase in corporate bookings over the Magnuson system and expanded consumer brand recognition for Magnuson's 100 branded hotels.
Notable new branded hotels include:
- New-build Magnuson Hotel Odessa
- Former Hampton Inn Magnuson Hotel Bourbonnais
- Magnuson Grand Memphis Airport
- Days Inn conversion Magnuson Hotel East Sandusky
Magnuson Hotels affiliates in 2016 once again grew year-over-year RevPAR by more than the average growth rate of 3%. RevPAR at urban hotels rose by a spectacular 127%. Small Metro hotels increased RevPAR by 23%. Carson City, NV (+123%) and Kimball Terrace, ME (+62%) led the way. Suburban hotels grew RevPAR by 22%. Modesto, CA (+230%) was particularly strong.
Since its launch 13 years ago, Magnuson Hotels has become America's fastest growing hotel brand and a top 10 global chain, marketing 1000 hotels across six countries and three continents. The company has seen a compound annual growth rate since 2003 of 137%.
About Magnuson Hotels
Magnuson Hotels, headquartered in London UK and Spokane WA ranks as a top global chain with over 65,000 hotels and 700 airlines on its worldwide booking platform www.magnusonhotels.com.
Founded in 2003, Magnuson Hotels gives independently minded hotel owners a way to achieve global brand support at a fraction of the cost of traditional franchise chains.
In 2019, the company outperformed the USA STR RevPAR by 10X.