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.
