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

Win a Virgin Atlantic Gold Card, Valid for the Entire Year!

Have you ever wanted to experience life as a Gold member, well here's your chance to do just that. With gold tier status, you'll unlock the gateway to perks such as access to the Revivals Lounge in Heathrow, Upper... Read More

find Out More

Five Travel Booking Hacks To Avoid Those Unexpected Frights

Don’t get spooked this Halloween - discover our expert insider travel tricks that will banish booking nightmares. Connection times carved Many of us enjoy dabbling in the world that is duty free shopping when... Read More

find Out More
Brexit - UK and EU Flag

Brexit – what’s the impact for your business travel?

With October 31st the date on everyone’s lips and the UK’s withdrawal from the EU a hotter (and more confusing) topic than ever, we’ve whittled down the key things you need to know about how your business travel may... Read More

find Out More
View all articles

Website proudly developed by The Wrapped Agency