Travelodge owner looks to buy £40m of landlord hotels amid sale speculation Travel The owners of Travelodge are reportedly mulling buying £40m of hotels from their landlords, fuelling speculation the business could be sold.
Travelodge reveals record first half as blockbuster London summer drives demand travel Budget hotel chain Travelodge has revealed a record first half, with underlying earnings up 48 per cent, thanks to booming demand for both business and leisure trips and its best ever night in London. Travelodge reported its highest ever revenue night in London in July, as Brits flocked to Blur’s concert at Wembley and Bruce Springsteen [...]
Travelodge hits record profits as staycation breaks continue post-pandemic Travelodge, the UK’s largest independent hotel brand, has reported results significantly ahead of its previous record year in 2019, as Brits continued to opt for staycation breaks and business travel. The London-listed hotel company, which offers cheap beds in the UK Spain and Ireland said that revenues were up 25 per cent from 2019 to [...]
Travelodge owners eye £1.2bn price tag for budget hotel chain June 11, 2023 Budget hotel chain Travelodge will be put up for sale with a price tag of over £1bn as its owners look to cash in the recovery of the travel sector post-pandemic. Its owner of nearly a decade, American asset management firm Goldentree is said to be in talks with investment banks to explore a potential [...]
Travelodge enjoying recovery as Brits go budget for beds May 9, 2022 Travelodge has reported a strong recovery from the impact of the pandemic and expects to benefit from the growing number of ‘staycation’ breaks. The hotel chain reported a 1.8% increase in revenue in the last quarter of 2021 compared with 2019, to £185 million. Revenue for the year was down by 23% compared with 2019, [...]
Travelodge opens budget luxe London Docklands hotel as it eyes up hundreds of new sites in the city August 15, 2022 Travelodge has opened its first new-build budget luxe hotel in London Docklands, marking a vote of confidence in the capital as a tourist hub. The London Docklands Travelodge, which is located by East India DLR station, was officially opened by Travelodge chief Jo Boydell and UKHospitality chief Kate Nicholls. At the opening, the hotel giant [...]
Travelodge sees ‘green shoots’ of business travel revival October 5, 2021 Hotel giant Travelodge has said it has started to see the “green shoots” of business travel returning. It comes as the business has launched a new online solution Travelodge Business for those making work trips. Travelodge soft-launched its business service with nearly 100 existing customers earlier this year. Now, it is signing up almost 1,000 [...]
Travelodge revenue boosted by staycations despite drop in ‘white collar demand’ November 29, 2021 Travelodge has reported buoyant third quarter results thanks to staycations helping to offset subdued corporate demand. Total revenue for the quarter ended 30 September was up 9.9 per cent compared to 2019, hitting £229.5m. Revenue per available room (RevPAR) rose 11.8 per cent to £53.54, compared to £47.89 in 2019. The budget hotel chain saw [...]
Travelodge targeting young parents in drive to fill 750 jobs across UK September 23, 2021 Hotel giant Travelodge has launched an autumn recruitment drive as it looks to fill 750 jobs at its hotels across the UK. The jobs are a mix of full and part-time, offering flexible working hours for posts including receptionists, bar staff and managers. Travelodge said it is targeting parents wanting to return to work now [...]
Travelodge appoints first female chief operating officer June 23, 2021 Budget hotel chain Travelodge has made Claire Good its new chief operating officer, making her the first woman to hold the role. Good has been serving as interim COO of Travelodge on an since January 2021. Her appointment makes her the fourth female on the group’s current operating board. Having joined Travelodge in 2016 as [...]