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 Worldwide:
Since its launch sixteen 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.