London UK/Spokane WA - In a video presentation released today, Magnuson Hotels CEO Thomas Magnuson advised hotel owners to weather the current economic downturn by quickly cutting costs.

Magnuson stated that while hotels need business from every market segment, it is critical to understand how much it costs to meet guest expectations. Speaking from his personal experience, hotel owners were advised to start saving money with simple strategies such as limiting areas of the hotel, shutting curtains and utilities in unused rooms, and re-examining vendor costs.

Magnuson states that while hotel markets have been affected with significant travel downturns, many areas of the USA have been less affected; secondary, tertiary, rural, and those who receive a large amount of highway and drive-up traffic.

"We are seeing significant volumes of travelers who are everyday people making our world go around. Blue-collar, construction, government services and medical are some of the markets we are focused on driving business to hotels," Magnuson said. "Travelers are also reacting positively to exterior corridor hotels, due to health and safety concerns during the pandemic."

About Magnuson Hotels

Magnuson Hotels was founded in 2003 as the world's first independent hotel chain. Today, over 2000 hotels across North America and Europe have increased revenues via the Magnuson Independent Hotel Group and the Magnuson Hotels Fair Franchise Brand:

For more info:
www.magnusonhotelsworldwide.com
[email protected]

Thomas Magnuson
Chief Executive Officer
+1 509 994 2048
Magnuson Hotels