Economy
Magnuson CEO warns of ‘rapid decline’ of independent hoteliers
Thomas Magnuson, CEO of Magnuson Hotels, reported that publicly traded hotels have reduced the native share to 50% this year and he expects it to fall further to 22% by 2026 if nothing changes
Magnuson Hotels CEO Thomas Magnuson has warned that the share of UK independent hoteliers within the industry will fall to 22% by 2026, down from their current share of 50% in 2022.
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