Travelodge is capitalising on its strong performance with the 2015 opening of 15 new hotels across the UK, with an investment value of almost £100 million.
The new hotels include four London locations, cementing Travelodge’s position as the capital’s biggest hotel brand; a new central Glasgow property and key regional locations including the Thames Valley tech corridor, Southampton and Bristol.
With this expansion Travelodge is expected to create 400 new jobs, including 350 positions in the new hotels and 50 support roles. Following the opening of these new properties, the Company’s portfolio will include 510 hotels and 37,906 rooms in the UK.
£100 million modernisation programme
Travelodge’s £100m modernisation programme is now almost complete, with 87% of its guest rooms now featuring the brand’s new look and king-size Travelodge Dreamer bed. Like for like revenue per available room (RevPAR) grew by 17% in 2014, fuelled by demand from families and business customers seeking value in travel. This strong growth made Travelodge the fastest growing major UK hotel brand for like for like sales in 2014.
Potential for further 150 hotels
Travelodge has also identified potential for more than 150 further hotels across the UK, with the new hotels expected to support the creation of a further 3000 new jobs. The company announces today the signing of the first three hotels towards its long-term expansion plans, with new properties at London Dagenham, Dover and Peterhead, Aberdeenshire, at a total investment value of £13m.
Chancellor welcomes expansion news
Today, the Chancellor of the Exchequer, George Osborne visited Birmingham Airport Travelodge had welcomed news that Travelodge is set to create more than 3,000 jobs across the UK as it looks to boost its estate by opening more than 150 new hotels over the next eight years.
Chancellor of the Exchequer George Osborne said: “Our long-term economic plan for the Midlands is to make the area an Engine for Growth by backing business and supporting growth. The expansion of a great British brand like Travelodge within a growing hotel and leisure industry in the UK, is fantastic news.”
“Travelodge’s expansion is not just reliant however on tourists as increased demand from business customers and families have also boosted growth.”
The table below details the 15 new Travelodge hotels opening in 2015.
Hotel | Rooms |
Egham | 80 |
London Wembley High Road | 86 |
Southampton West Quay | 94 |
Winnersh Triangle | 93 |
Llandudno | 82 |
London Raynes Park | 86 |
Glasgow Queen Street | 171 |
London Greenwich | 104 |
Harrogate West Park | 70 |
Peterhead | 60 |
Poole Central | 125 |
London Richmond Central | 78 |
East Grinstead King Street | 72 |
Ryde Isle of Wight | 41 |
Bristol Filton | 90 |
15 hotels | 1,332 |