Magnuson Hotels is pleased to announce the promotion of Adnan Malik to the position of Chief Revenue Officer (CRO). In his new role, Malik will oversee the company’s revenue management strategy and drive initiatives to enhance revenue growth across the organization.
With an extensive background in revenue management and a proven track record of delivering exceptional results, Malik has played a pivotal role in Magnuson Hotels’ success over five years. Most recently, Magnuson Hotels announced a 77.83% growth in RevPAR since pre-pandemic (2019) for its Independent Collection, a growth rate 10 times the USA industry average of 7.6% as reported by STR.
Malik joined the company in 2018 as portfolio revenue manager after completing top-tier London assignments at Guoman Hotels, Wyndham Grand Chelsea Harbour, Doyle Collection, Strand Palace Hotel, Dorsett, and Royal Thames Yacht Club.
“We are proud to advance Adnan Malik to the role of Chief Revenue Officer,” said Thomas Magnuson, CEO of Magnuson Hotels. “Adnan’s dedication, strategic mindset, and proven leadership skills will help us to continue delivering above-market performance for hotels globally.”
Adnan Malik commented, “I am honored to take on this new responsibility as Chief Revenue Officer and contribute to Magnuson Hotels’ continued success. I look forward to working closely with our talented team and partners to drive revenue growth and deliver exceptional value to our franchisees and guests.”
About Magnuson Hotels
Magnuson Hotels has championed the cause of fair franchising for hotel owners since its inception in 2003, helping over 2000 hotels in the USA and UK succeed against some of the biggest brands in the hospitality industry. The group offers affiliation with brands that do not require mandatory renovations and procurements, long-term contracts, or excessive commissions, as well as representation as part of Magnuson Independent Group. The Magnuson Hotels platform achieves a non-seasonal 52-week occupancy strategy with comprehensive human support and an OTA-alternative distribution.