Magnuson Hotels reports 20% reservation increase 2009 year to date.
March 10, 2009
SPOKANE, WA– Magnuson Hotels, the world’s largest independent hotel group, announced today a 20% increase in same-hotel reservations year to date 2009 vs. 2008, while US hotel occupancy has fallen more than 10% for the same period. Magnuson additionally reports a total 234% revenue growth 2009 YTD over 2007 same period.
Driving the above-market performance are Magnuson Hotels’ recent expansion of its worldwide reservation distribution with the registration of its new MS GDS (global distribution system) chain code, which identifies Magnuson Hotels as a globally-recognized hotel chain to over 650,000 worldwide travel agents through Amadeus, Sabre, Worldspan, Apollo and Galileo.
Despite economic crisis conditions, significant revenue growth has been delivered to nearly 1000 Magnuson Hotel affiliates across the US and Canada, sourced primarily from increased corporate, government, military, AAA and AARP business segments. The addition of new sources of business has further strengthened Magnuson Hotels’ market position with less dependence on economy-sensitive leisure travel.
“Magnuson Hotels is dedicated to increasing revenue and reducing costs for every hotel owner battling to survive,” stated Thomas R. Magnuson, company CEO/Principal. “Our mission is to help every hotel perform as good or better than franchised competitors at a fraction of the cost, and without corporate interference in owners’ daily affairs.”
Magnuson Hotels was recently ranked number 914 on Inc. Magazine’s annual ranking of the 5,000 fastest-growing privately owned US companies. With a three year sales growth of 395%, Magnuson Hotels also ranked number 92 in the top 100 US business services companies. Magnuson Hotels joins past honorees including Microsoft, Oracle, Timberland, Morningstar, Jamba Juice, and Domino’s Pizza.
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.