Travelodge Plans 100 New Hotel Openings in the Next Five Years

by Traveleads | March 20, 2019 | Latest News On The Ground

UK budget hotel chain plans to open 100 hotels by 2024 – Travelodge is the second-largest economy hotel chain in the UK behind rival Premier Inn.  Under its five-year expansion programme – the company will strive to challenge Premier Inn by targeting central locations such as city centres and sites near to conference venues.

The company’s annual results were recently posted in which reported revenue up 8.8 per cent to £693.3m.

Peter Gowers, chief executive, said that Travelodge’s growth was the product of a five-year transformation plan, which the company carried our between 2013 and 2018 which has seen its portfolio grow by 4 per cent to 575 hotels, and sales up by £250m.

Over that period it has launched premium economy ‘SuperRooms’ and brand Travelodge Plus, invested £100m in hotel upgrades and opened 60 new hotels.

He also stated that Travelodge was investing “in better quality and choice for our guests, while staying true to our budget roots.”

“Our strategic focus on location, price and quality has enabled Travelodge to deliver a set of excellent results,” Gowers said.

“We extended our network of hotels, remained focused on delivering attractive prices and took another step forward on quality.

“The long-term growth opportunities for the budget sector remain strong and we expect to open 100 new hotels over the next five years, creating approximately 3,000 jobs.”

To book, check availability and rates for Travelodge, please contact a Traveleads consultant.

Latest articles

Travelling through lockdown with CarnaudMetalbox Engineering

Travelling through lockdown with CarnaudMetalbox Engineering

While lockdown meant the end of frequent travel for many companies, for others, that simply wasn’t an option. Samantha Dalton, service planner at CarnaudMetalbox Engineering, explains how having a travel management... Read More

find Out More
Brexit and business travel - UK and EU Flag

How we anticipate Brexit to affect business travel from 1 January 2021

With the end of the Brexit transition period fast approaching, we explore the anticipated implications on business travel and actions we can all take now. While more definitive updates are expected following trade talks... Read More

find Out More
Produce Investments case study

“The support is fantastic; the team always goes above and beyond for us”

Prior to 2014, Produce Investments Ltd, parent company to one of the UK’s leading suppliers of fresh potatoes, Greenvale AP, found that its processes weren’t running efficiently when it came to travel. With the... Read More

find Out More
View all articles

Website proudly developed by The Wrapped Agency