Hotelbeds, the world’s leading bedbank, announces today a new strategic agreement with Magnuson Hotels, the fast growing global franchise alternative brand.
This agreement provides Magnuson Hotels with access to Hotelbeds’ high-value distribution network of more than 60,000 travel trade buyers including tour operators, retail travel agents, airlines and loyalty programs across more than 140 source markets worldwide.
Hotelbeds’ portfolio of travel buyers will offer Magnuson Hotels – when the full recovery begins – incremental, high value bookings from non-domestic markets that typically book further in advance, pay more per room, cancel less and spend more at the property.
At the same time, Hotelbeds’ clients will gain access to preferential rates and availability from across Magnuson Hotels’ portfolio including their Magnuson Grand, Magnuson Hotel, M Star Hotel, and an exclusive By Magnuson Worldwide collection brands.
As part of this agreement, Magnuson Hotels will distribute its hotel rooms through Hotelbeds’ two main channels: its wholesale distribution channel that operates under the ‘Hotelbeds’ brand and its retail channel, Bedsonline, that exclusively caters to retail travel agents.
Mark Redmond, Head of Global Chains at Hotelbeds, commented: “We are delighted to partner with one of the biggest independent global chains in the world. With the travel restrictions easing off and the focus now shifting to 2021 bookings, our portfolio of 60,000 travel trade buying partners will allow Magnuson to access more non-domestic, high-value guests from across the world at profitable margins and focus on doing what they do best: providing guests with great value.”
Thomas Magnuson, CEO at Magnuson Hotels, added: “Through the alliance with Hotelbeds we have access to a leading and strategically important B2B distribution network, including both wholesale and the equally important retail distribution worldwide through Bedsonline. While Magnuson has become a dominant force in serving non-leisure business segments, we look forward to working with Hotelbeds to grow our overall bookings even further via high-value reservations from non-domestic guests once international travel demand picks back up again.”
Magnuson Hotels, headquartered in London UK and Spokane WA stands as a top 20 global chain. Founded in 2003, Magnuson Hotels gives independently minded hotel owners a way to achieve global brand support at a fraction of the cost of traditional franchise chains. In 2019, the company outperformed the USA STR RevPAR by 10X.
Source: Hotelbeds
