Magnuson Hotels reports 35.15 percent YTD revenue increase

Magnuson

Magnuson Hotels has announced a 35.15-percent YTD revenue increase. The company also reports a 22.84 percent increase in average daily rate for reservations generated from 2015 to 2016.
 
Driving this performance increase are continued lower U.S. gas prices, strong job growth and increased consumer brand recognition. Magnuson implemented a national rebranding of its three brands in 2015.
 
Notable branded hotels that joined the Magnuson group in the last 12 months include the Magnuson Hotel Convention Center New York City; the Magnuson Hotel Framingham, Mass.; and Magnuson Hotel Marshal, Texas. 
 
Launching 13 years ago, Magnuson Hotels now has 1,000 hotels across six countries and three continents. 
 
Magnuson Hotels recently formed a distribution partnership with Chinese operator Jin Jiang Hotels and Europe’s Louvre Hotels, forming a consortium of over 6,000 hotels worldwide.

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