Magnuson Worldwide reports double digit revenue, occupancy growth

Magnuson Hotels Worldwide reported average revenue growth of 31 percent across the Magnuson portfolio year-on-year from Q1 2014 to Q1 2015. The company also reported a 36-percent increase in occupancy, and a 10-percent increase in average daily rate.

Magnuson Hotels saw another increase in RevPar, up 48 percent in the same year period, with the industry average remaining at 8.05 percent.

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

Virtual Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

During this time period significant additions to the Magnuson family were Magnuson Hotel Clearwater Central, Magnuson Hotel Papago Inn and Magnuson Hotel Fossil Creek, located in Florida, Arizona and Texas respectively.

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The company's main markets are still substantially affected by the measures rolled out to combat the COVID-19 health crisis.

Revenue per available room and occupancy increased over Q2, but uncertainty around the industry’s recovery remains.

The integration aims to provide hoteliers with seamless and complete visibility over group, catering and event sales performance activity.