Magnuson Hotels’ US Independent Collection reported a 40% increase in RevPAR versus 2019. As of September 2021, Magnuson Hotels reported increase against 2019 in the following performance metrics:
RevPAR: + 40%
We attribute the surge in RevPAR to a focus upon dynamic pricing and a company-wide business segmentation strategy targeting local non-leisure segments. Since many of our hotels are located in secondary and tertiary markets, we are less affected by the lack of international travel or the volatility of leisure segments through various travel lockdowns.
According to STR, US RevPAR decreased 7% compared to September 2019.
Hotel owners need to align with a platform that is flexible, affordable and owner-centric to sustain long-term performance. Expensive PIP’s and long-term franchise commitments drain precious resources that can be better used to operate your hotel more efficiently and effectively, especially in the current economic landscape as the world recovers from the COVID-19 pandemic. As hotel supply and the popularity of AirBnB grows, the time is now for hotel owners build core business segments from the local demand drivers, including government, medical, construction, and public works.
Magnuson Hotels provides a turnkey, end-to-end platform with the professional support you need without PIPs, franchise requirements, or other unnecessary and expensive fees to maximize the profitability of your hotel and give you the freedom and flexibility you need to make the best decisions for you and your guests. By affiliating your hotel with Magnuson, hotel owners benefit by:
To learn more about how Magnuson Hotels can increase your hotel’s RevPAR faster, click here.
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