Magnuson Hotels Worldwide reports today year on year revenue growth of 65% across the Magnuson branded portfolio. The company also reports a very significant 61% increase in occupancy, and an 8% increase in average daily rate.
In addition, Magnuson Hotels saw an escalation in RevPar, up 74% in the 12 month period.
The branded portfolio includes three brands; Magnuson Grand Hotels, Magnuson Hotels and M Star Hotels, serving the upper midscale, midscale and economy segments respectively.
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