Magnuson Brands See 65% Revenue Growth in a Year

SPOKANE, WA—Magnuson Hotels Worldwide said its portfolio has posted year-on-year revenue growth of 65%. The company also reported a 61% increase in occupancy, and an 8% increase in ADR. In addition, Magnuson Hotels saw an escalation in RevPAR, up 74% in the 12-month period.

The branded portfolio includes Magnuson Grand Hotels, Magnuson Hotels and M Star Hotels, serving the upper-midscale, midscale and economy segments, respectively.

Thomas Magnuson, CEO, cited lower gas prices combined with an increased consumer awareness of Magnuson Hotels’ three brands as the reason for the success.

“Despite the IMF stating global outlook should be cooling in 2015 and into 2016, the U.S. market still has many factors that are driving record occupancy and rate growth. These include pent-up demand, low gas prices, increased bank lending, low unemployment and a robust housing market. We are optimistic for the remainder of 2015,” stated Magnuson.

During this time period, significant additions to the Magnuson family have included Magnuson Hotel Historic St. Augustine, Magnuson Hotel Burleson, Magnuson Hotel Howell and Magnuson Hotel Ocean Springs, located in Florida, Texas, Michigan and Mississippi, respectively.