The three brands; Magnuson Grand Hotels, Magnuson Hotels and M Star Hotels now encompass 30 US states, 2 Canadian provinces with 148 hotels.
Magnuson reports 20013/12 occupancy growth of 22%, Same-Store RevPAR growth of 19%, and an increase in www.magnusonhotels.com bookings to more than 18% of total bookings.
Parent company Magnuson Worldwide credits the rapid addition of new hotels to expanded consumer brand recognition and increased booking volumes from its proprietary worldwide reservation system and free global distribution platform Global Hotel Exchange.
Magnuson Worldwide CEO Thomas Magnuson states, “The data we monitor indicates a world of slow-to little growth, with 2013 showing a 2% global average rate increase offset by a 1.5% inflation rate. While hotel owners can’t rely on growth anymore through increased rates or demand, they can find profits inside via a new era of low cost operating platforms.”
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About Magnuson Worldwide:
Headquartered in London UK and Spokane WA, Magnuson Worldwide is the world’s largest hotel services organisation. Magnuson Worldwide holdings include Global Hotel Exchange, CRS1 and Magnuson Hotels-the world’s largest independent hotel group. Magnuson Worldwide’s core focus is low cost reservation technology and hotel brand marketing, and currently connects with nearly 50% of the world lodging supply across 200 countries