Source: Magnuson Hotels

London UK/Spokane WA - Magnuson Hotels, the fast-growing franchise alternative today reported its April occupancy (percentage of rooms sold in a hotel) surpassed the USA April average of 24.63% by 16.7%, as measured by STR (Smith Travel Research).

Although all markets are currently impacted by COVID-19, the company reported highest performance in Maine, Knoxville TN, Texas, Florida and Madison WI, with some Magnuson Hotel affiliates recording April occupancies as high as 80.6%.

"Even though the company reported a Q1 portfolio-wide occupancy reduction of 0.4%, against an industry-wide fall of 15% across the USA for Q1, our hotel affiliates are now experiencing stabilisation and profitable growth," stated company CEO Thomas Magnuson.

As STR records an April USA RevPAR (revenue per available room) decrease of 79.9%, Magnuson locations in Maine, California, Texas, Virginia, Florida, Wisconsin, Ohio, North Carolina and Kentucky have seen April revenue per available room up to 52.3% higher than local market averages as measured by STR.

Magnuson states that its midscale business segment moved to a 100% focus on serving essential services workers across secondary tertiary, rural and highways markets of the USA. "While traditional corporate travel is in a holding pattern, USA construction across all markets is moving ahead with continued activity in trucking, transportation, public safety, medical, government and essential services."

"Although it is difficult to forecast in a traditional sense, we are optimistic about conservative increases in both leisure and non-leisure segments," adds Thomas Magnuson. "Our data shows leisure travel volumes increasing in many markets, largely powered by short regional family road trips."

About Magnuson Hotels

Magnuson Hotels was founded in 2003 as the world's first independent hotel chain. Today, over 2000 hotels across North America and Europe have increased revenues via the Magnuson Independent Hotel Group and the Magnuson Hotels Fair Franchise Brand:

For more info:
www.magnusonhotelsworldwide.com
[email protected]

Thomas Magnuson
Chief Executive Officer
+1 509 994 2048
Magnuson Hotels