Magnuson Hotels Reports 24% Revenue Increase
Wednesday April 17th, 2013 - 9:21AM W
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
SPOKANE, WA—Magnuson Hotels, an independent hotel group, has reported a year-over-year reservation revenue increase in 2013 of 24.6% for its three non-franchise hotel brands.
Magnuson Grand Hotels, Magnuson Hotels and M Star Hotels comprise the company's fastest growing segment, the Magnuson Hotels Premier Collection. During the same period of 2012/20122, real ADR for the Magnuson Grand bradn segment increased 8.7%.
The company attributes continued increased in booking volumes to a constant expansion of its consumer brand recognition and proprietary worldwide reservation system, including its free global distribution platform.
Tags: • Hospitality •
I recently returned from ALIS and, on the trip home, Dennis Nessler and I shared stories about who we met and what we heard—not only the news of the industry, but the temperature of it. And, we concluded what many of you I’m sure have, too: It’s pretty hot right now.