Magnuson Hotels reservation revenue soars 36% with online giants Sidestep, Kayak.
October 20, 2009
SPOKANE, WA — Magnuson Hotels, the world’s largest independent hotel group, announced today a 36% reservation revenue increase 2009 year to date, driven in large part by expanded global distribution through online giants Sidestep & Kayak.
While total US hotel occupancy has fallen more than 10% 2009 YTD, Magnuson Hotels’ reservation revenue increases have been attributed to aggressive global and local market share strategies advanced by expanded price-comparison visibility in Kayak.com and SideStep.com, two of the largest travel search sites in the world.
Launched in 2005 by co-founders of Orbitz, Travelocity and Expedia, Kayak.com and Sidestep.com allow consumers to find the best deals in seconds with the ability to compare prices from more than 440 travel brands and websites. Magnuson Hotels’ Kayak & Sidestep presence has resulted in significant additional international distribution with representative sites in UK, France
The sites have additionally been named “Top 25 Budget-Centric Travel Websites,” by USA Today; “25 Sites We Can’t Live Without” by TIME Magazine; “Best Search Engine” by the Associated Press; and “Best of the Web” by BusinessWeek, Forbes and US News & World Report.
“While key industry monitor Smith Travel Research has lowered its US forecast for the second half of 2009, Magnuson Hotels is already ahead of its original 30% end of year forecast,” stated Thomas R. Magnuson, CEO/Principal of Magnuson Hotels.
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.