London, UK
Magnuson Lodges is happy to announce the promotion of Adnan Malik to the place of Chief Income Officer (CRO). In his new position, Malik will oversee the corporate’s income administration technique and drive initiatives to boost income development throughout the group.
With an in depth background in income administration and a confirmed monitor report of delivering distinctive outcomes, Malik has performed a pivotal position in Magnuson Lodges’ success over 5 years. Most not too long ago, Magnuson Lodges introduced a 77.83% development in RevPAR since pre-pandemic (2019) for its Impartial Assortment, a development charge 10 instances the USA trade common of seven.6% as reported by STR.
Malik joined the corporate in 2018 as portfolio income supervisor after finishing top-tier London assignments at Guoman Lodges, Wyndham Grand Chelsea Harbour, Doyle Assortment, Strand Palace Resort, Dorsett, and Royal Thames Yacht Membership.
“We’re proud to advance Adnan Malik to the position of Chief Income Officer,” mentioned Thomas Magnuson, CEO of Magnuson Lodges. “Adnan’s dedication, strategic mindset, and confirmed management abilities will assist us to proceed delivering above-market efficiency for resorts globally.”
Adnan Malik commented, “I’m honored to tackle this new duty as Chief Income Officer and contribute to Magnuson Lodges’ continued success. I sit up for working carefully with our gifted crew and companions to drive income development and ship distinctive worth to our franchisees and visitors.”
About Magnuson Lodges
Magnuson Lodges has championed the reason for honest franchising for lodge homeowners since its inception in 2003, serving to over 2000 resorts within the USA and UK succeed in opposition to a few of the greatest manufacturers within the hospitality trade. The group provides affiliation with manufacturers that don’t require necessary renovations and procurements, long-term contracts, or extreme commissions, in addition to illustration as a part of Magnuson Impartial Group. The Magnuson Lodges platform achieves a non-seasonal 52-week occupancy technique with complete human assist and an OTA-alternative distribution.
Aashima Grover
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