Budget hotel chain Travelodge is planning a £330m development drive in the UK over the next two years.
The group said it would open six UK Travelodge hotels this year, with four hotels already under construction as part of its 2023 opening plans.
Three of the new Travelodge hotels opening this year will feature the group’s new premium look and feel budget-luxe design. Locations include two sites in London at Docklands and Wimbledon and the group’s first hotel in Hexham, Northumberland.
The new openings will boost Travelodge’s network to almost 600 hotels across the UK, Ireland and Spain.
Chief property and development officer Steve Bennett said: “2022 marks an important milestone in the evolution of Travelodge, as we launch our new premium look and feel budget-luxe Travelodge design hotels and expand our estate with new hotels and in-house restaurants. We are seeking to continue this expansion with plans for more than 75 new Travelodge hotels throughout the UK over the next five years, which will create around 2,000 new jobs.
“As we look to the future, the long-term prospects for low-cost hotels remain strong. Britain has become a nation of value-conscious travellers, with more of us choosing to stay in budget hotels than any other hotel type, supporting our plans to expand our hotel network. It is also an interesting time for the property sector; as the Covid pandemic has accelerated major change and opened opportunities for us to take Travelodge to new locations. We are very excited by the next phase of our expansion plan, which will see us deliver more choices in more places than ever before.”
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