Magnuson Hotels Reports 24% Revenue Increase
Wednesday April 17th, 2013 - 9:21AM W
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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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.