EasyHotel hailed a “transformational” year of soaring revenues and underlying profits but warned that trading could come under pressure in 2019 amid uncertainty over Brexit.
The “super budget” hotel chain, which offers no-frills rooms from £19.99 per night, saw sales across both its own and franchised sites rocket by more than a quarter to £37m in the year to September.
Pre-tax profits were broadly flat at £870,000 but adjusted earnings were up 29%, excluding the impact of higher depreciation because of its larger estate, the closure of one hotel and disruption caused by a planning dispute at another.
