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Leisure
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Projected Growth Travelodge has announced an unprecedented UK growth drive, pledging to treble the size of its estate by the end of the next decade. The budget hotel chain will be stepping up its openings programme in 2008, adding on average 4,000 rooms (approx 40 hotels) every year up to 70,000 rooms (around 1,000 hotels) by 2020 targeting a 10% |
share
of the hotel market. The programme will create an additional 10,000 jobs and mean an investment of £3.5bn in new hotels. The major area of focus is Greater London, which is expected to see a boost of 22,000 rooms alone. In Wales and Scotland, room numbers will increase by approx 300% and 100% respectively before 2020. |
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