Budget hotel chain Travelodge has said its future booking trends look positive, after seeing improved trading patterns in recent weeks.
The hotel chain – which operates in the UK, Ireland and Spain – has reported revenues of £786.1m for the third quarter of the year, up 0.5% on the same period last year. While recent trading has been slightly below prior year levels, forward booking patterns are positive.
Jo Boydell, Travelodge Chief Executive, said: “Travelodge has performed in line with expectations against the market backdrop, benefitting from solid customer demand from a diverse mix of both business and leisure customers. Occupancy was slightly ahead of 2023 levels but there was softer market rate, particularly in London. We continued to invest in the business, while navigating the impact of inflationary cost pressures.”
