Magnuson Hotels, America’s fastest growing hotel brand and RG Hotels, the leading hotel management company today announced that the Magnuson Grand Memphis Airport Hotel, has seen a 328% increase in revenue since January 2017.
Thomas Magnuson, CEO of Magnuson Hotels commented, “We are thrilled with the result and believe this is a testament to our effective method of collaboration with RG Hotels. Leveraging the right technology and continuing to employ effective revenue management and optimization has enabled us to achieve a 230% increase in occupancy further supported by increased ADR and available rooms”.
Jean Francois Mourier CEO & Co-Founder of RG Hotels stated, “We have ambitious plans for the property and continue to work closely with Tom and his team to ensure that the Magnuson Grand Memphis Airport reaches its potential. It’s rare to find a brand partner that so easily accommodates owner preferences while driving continued growth and optimization”.
Both companies continue to attribute the strong performance to the creation of new revenue streams using comprehensive revenue optimization and strategy management, innovative smart pricing RMS software and the continued expansion of the Magnuson brand’s consumer awareness both internationally and domestically.
About Magnuson Hotels:
Since its launch fifteen years ago, Magnuson Hotels has become America’s fastest growing hotel brand and a top 15 global chain, marketing over 1,000 hotels across six countries and three continents. Magnuson Hotels’ newly formed distribution partnership with Chinese operator Jin Jiang Hotels and Europe’s Louvre Hotels is the world’s largest hotel alliance, forming a consortium of over 8,000 hotels and 800,000 rooms worldwide, equal to the size of a top 2 global hotel chain.
About RG Hotels:
From luxury urban landmarks to upscale boutique resorts and branded properties, RG HOTELS is a revolutionary hotel management company, currently providing services to some of the most distinguished hotel and resort properties around the world.