Travelodge to Double Openings in 2008

18th March 2008 (Last Updated March 18th, 2008 09:09)

UK budget hotel chain Travelodge has announced plans to open 44 new properties across the UK in 2008, compared with 23 last year. The chain says the expansion will cost £220m and will add 4,000 rooms to its portfolio. The group reported an increase in underlying revenues of 30

UK budget hotel chain Travelodge has announced plans to open 44 new properties across the UK in 2008, compared with 23 last year.

The chain says the expansion will cost £220m and will add 4,000 rooms to its portfolio.

The group reported an increase in underlying revenues of 30 percent to £55.8m, while overall turnover increased to £243.8m for the year.

By staff writer