Magnuson Hotels’ Branded Hotels Report 25% Revenue Increase
Magnuson Hotels, America's fastest growing hotel brand, today announced a 25.06% revenue increase in 2016 over 2015, across the group's brand portfolio of Magnuson Grand, Magnuson Hotel and M Star Hotel. The group also reports a 17.42% increase in ADR (Average Daily Rate) for reservations generated in 2016, versus 2015 for the same portfolio. Driving this performance growth was increased employment and resultant consumer spending, low interest rates, and increased consumer brand awareness of Magnuson Hotels.
About Magnuson Hotels:
Since its launch thirteen years ago, Magnuson Hotels has become America's fastest growing hotel brand and a top 10 global chain, marketing over 1,000 hotels across six countries and three continents.
Magnuson Hotels' 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 6,000 hotels worldwide, equal to the size of a top 5 global hotel chain.
About Magnuson Hotels
Magnuson Hotels, headquartered in London UK and Spokane WA stands as a top 20 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. Magnuson Hotels' Q2 2020 performance report can be found here.