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 •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.