Magnuson Hotels bookings soar 24% year-to-date.
March 7, 2011
Magnuson Hotels, the world’s largest independent hotel group, announced today a 24 percent increase in hotel reservations year-to-date 2011 versus 2010 for nearly 2,000 hotels in North America and Europe.
While U.S. hotel occupancy continues to stagnate at nearly 10 percent below the 50-year average of 64 percent, Magnuson also reports a 73% YTD booking increase over same period 2009.
Magnuson attributes continued increases in booking volumes and hotel rates to a constant expansion of its worldwide reservation system, with global distribution now including Expedia worldwide, 2,000 Internet channels and 650,000 worldwide GDS travel agents through Amadeus, Sabre, Worldspan, Apollo and Galileo.
“While increasing global economic and political instability makes it impossible to forecast, we advise hotel owners that it is possible to build a strong foundation independent of external events,” stated Thomas R. Magnuson, Magnuson Hotels CEO. “No company can increase travel to any market, but our data clearly confirms that increased market share and hotel rate can be accomplished with a combination of increased distribution and strategic pricing management.”
About Magnuson Hotels, the fastest growing hotel chain in history.
In only seven years, Magnuson Hotels headquartered in Spokane, WA has become the world’s largest independent hotel group, representing nearly 1500 hotels and a combined affiliate base with assets in excess of $5.5 Billion. One of the top 10 global hotel chains, Magnuson Hotels was the #1 Hotel Company of Inc. Magazine’s 2009 annual ranking of the 5,000 fastest growing privately owned U.S. companies. With a four year reservation sales growth of 595%, Magnuson Hotels is listed in the top 100 U.S. business services companies.