Magnuson Hotels has promoted Adnan Malik to the position of chief revenue officer. In his new role, Malik oversees the company’s revenue management strategy and drives initiatives to enhance revenue growth across the organization.
With an extensive background in revenue management, Malik has played a pivotal role in Magnuson Hotels’ success over five years, according to the company. Most recently, Magnuson announced a 77.83% growth in RevPAR since pre-pandemic (2019) for its Independent Collection, a growth rate 10 times the U.S. 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.
Thomas Magnuson, CEO, Magnuson Hotels, said, “Adnan’s dedication, strategic mindset and proven leadership skills will help us to continue delivering above-market performance for hotels globally.”
Malik said, “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.”