Magnuson Hotels Reports Sustainable Q1 2020 Performance
- Magnuson sustained a portfolio-wide occupancy reduction only 0.4%, against an industry-wide fall of 15% across the USA; a factor of almost 30 to 1.
- Magnuson withstood a $1.00 loss in ADR (average daily room rate) compared to USA average of -$5.14.
Magnuson states that its midscale business segment moved to a 100% focus on serving essential services workers across secondary tertiary, rural and highways markets of the USA. Customer groups staying in Magnuson Hotels include blue-collar, construction, transportation, truckers, medical, government and student housing.
Exterior-corridor properties are performing strongly as guests can drive up to their rooms, eliminating interaction with other guests, using elevators or passing through lobbies.
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.
In 2019, the company outperformed the USA STR RevPAR (0.9 percent) by 20X.
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