Rapid expansion drives losses at hotel startup Oyo February 17, 2020 Indian budget hotel startup Oyo reported widening losses last year as it ramped up its international expansion. Losses deepened to $335m in the 12 months to 31 March, rising to 35 per cent of revenue compared to 25 per cent the previous year, driven by expansion in China. Meanwhile, revenue reached $951m in the year, [...]
Travelodge to open 20 new London hotels February 17, 2020 Travelodge will open 20 new hotels in London over the next five years as it seeks to fill a gap in the capital’s budget hotel sector. The company said it is currently actively exploring opportunities at 100 locations in 29 of London’s 32 boroughs, including Westminster, Kensington and Islington. The hotel operator, which already has [...]
Square Mile police station to be transformed into five-star hotel January 30, 2020 The City’s Grade II* listed Wood Street Police Station is set to be transformed into a five-star hotel. The City of London Corporation has sold the building to Magnificent Hotels, after deciding the police station was “surplus to operational requirements”. The police force will be based at the Wood Street station until around December this [...]
Over a hundred firefighters bring blaze at Brentford Travelodge under control December 4, 2019 A major fire at a Travelodge in Brentford has been brought under control, after more than 100 firefighters were dispatched to tackle the blaze. Firefighters were called to the blaze in the early hours of Wednesday morning. Around 160 guests and staff were evacuated, with no reports of injuries at this stage. Read more: Commuter [...]
Travelodge ‘super rooms’ boost revenue September 9, 2019 Travelodge reported boosted revenue in the first half of the year driven by the success of the budget hotel chain’s more up-market options. The firm’s “super rooms” and Travelodge Plus brands, which offer additional facilities and extra comfort, helped drive sales up six per cent to £337.3m the first six months of the year. Ebitda [...]
Travelodge books in 17 more hotels amid expansion drive May 28, 2019 Fresh signs of Travelodge’s bullish expansion plans have emerged this morning after the chain revealed a new £115m investment drive to open a further swathe of hotels this year. The budget hotel group, which earlier this year unveiled a target to build 100 new outlets by 2024, has today upped its ambitions with a plan [...]
Travelodge eyes expansion with 100 new hotels as turnaround delivers higher sales March 18, 2019 One of the UK’s largest budget hotel groups hailed its own turnaround plan this morning after posting a rise in revenues and plans for 100 new site openings seven years after being on the brink of collapse. Travelodge, which has lured more customers into its value hotels amid an economic slowdown, posted sales of £693m [...]
What do a scarecrow, a five foot chocolate Easter bunny and a glass eye have in common? January 2, 2019 Budget hotel brand Travelodge said today that weird and wacky items customers had left behind in its rooms last year included a blue eyed cockatoo called Brexit, a five foot teddy bear made of popcorn and a doggy throne. The hotel chain said pet owners had been particularly forgetful with three butterfly tail fish named [...]
Coming off caffeine: Premier Inn opens more rooms as owner Whitbread looks to life after Costa October 23, 2018 Costa owner Whitbread grew revenues 2.6 per cent in the first half, as it looks to move away from the coffee business it sold to Coca-Cola. The results Revenue increased to £1.08bn, largely driven by tourism and growing capacity as it continues to expand its Premier Inn chain of hotels. Read more: Whitbread shareholders vote [...]
AccorHotels takes 50 per cent stake in US luxury hospitality firm SBE Entertainment October 9, 2018 AccorHotels today said it had acquired a 50 per cent stake in US hospitality company SBE Entertainment. The hotel chain said the deal will allow it to expand its business into the luxury lifestyle hospitality sector, as well as plant its footprint throughout North America. SBE specialises in high-end hospitality and manages and operates hotels, residences, restaurants, spas, and [...]