HomeBusiness Travel NewsStrong Leisure and Business Bookings Drive Travelodge Revenue Growth

Strong Leisure and Business Bookings Drive Travelodge Revenue Growth

Budget hotel giant Travelodge has reported a strong trading updater for the first quarter of the year – showing total revenue up by 3.5%, year-on-year, to £205.5m and strong bookings from both leisure and business guests.

Jo Boydell, Travelodge Chief Executive, said: “Travelodge delivered a robust  performance in what is typically a quieter quarter, supported by resilient demand from our  diverse range of leisure and business customers who seek affordable, quality  accommodation.  

“We deliberately accelerated our refit programme ahead of the peak season and continued  to invest in our successful advertising campaign and business system upgrades. These  investments will drive growth and quality and are already supporting positive customer  and commercial benefits.”  

In current trading, the first weeks of second quarter have been impacted by the phasing of bank holidays, weather and fewer events but improving trading patterns have brought the last four weeks’ accommodation sales in line with 2023 levels. Forward bookings are also strong.

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.

Must Read