Britain’s second biggest budget hotel chain said that its low prices were helping it to outperform its competitors in the face of increasingly challenging trading conditions.
Travelodge, which is owned by Goldman Sachs, Avenue Capital and Golden Tree Asset Management, reported a 6 per cent increase in first-half revenues to £337.3 million, with underlying earnings up 2.5 per cent to £44.7 million.
The group, once part of the old Forte hotel and catering empire, was formed in 1985.
Britain’s second biggest budget hotel chain said that its low prices were helping it to outperform its competitors in the face of increasingly challenging trading conditions.
Travelodge, which is owned by Goldman Sachs, Avenue Capital and Golden Tree Asset Management, reported a 6 per cent increase in first-half revenues to £337.3 million, with underlying earnings up 2.5 per cent to £44.7 million.
The group, once part of the old Forte hotel and catering empire, was formed in 1985.
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