2022 marks an important milestone in the evolution of Travelodge, as we launch our new premium look and feel budget-luxe Travelodge design hotels and expand our estate with new hotels and in-house restaurants. We are seeking to continue this expansion with plans for more than 75 new Travelodge hotels throughout the UK over the next five years, which will create around 2,000 new jobs.
As we look to the future, the long-term prospects for low-cost hotels remain strong. Britain has become a nation of value conscious travellers, with more of us choosing to stay in budget hotels than any other hotel type, supporting our plans to expand our hotel network. It is also an interesting time for the property sector; as the Covid pandemic has accelerated major change and opened opportunities for us to take Travelodge to new locations. We are very excited by the next phase of our expansion plan, which will see us deliver more choices in more places than ever before.
Our current development schedule includes
- Six UK Travelodge hotels expected to open in 2022 – including the group’s first new-build premium look & feel budget-luxe design hotels in: Hexham, London Docklands & Wimbledon, in addition our franchise partner has opened a flagship hotel in Dublin
- We have started our 2023 new hotel openings programme with construction started on four new UK hotels
- Contracts exchanged for six further future UK Travelodge hotels over the last 12 months
Collectively, this proposed UK expansion would represent an investment of approximately £330 million by third party investors and would create around 400 new jobs
2022 Travelodge hotel openings
We are making great progress with our 2022 new hotel openings programme so far we have opened our first hotel in Braintree, London Lewisham and our Irish Franchise, TIFCO have opened a 397-room hotel in Dublin city centre financial district.
This summer we will open our first budget-luxe new build hotels in London Docklands and Hexham. During the autumn months we will also open a budget-luxe hotel in Wimbledon and our first hotel in London Peckham.
Interestingly, three of the Travelodge hotels opening this year, Braintree, London Docklands and Wimbledon, are in partnership with Local Authorities, with Docklands and Wimbledon being delivered under lease-wrapper structures. These pioneering development deals help to unlock major redevelopment, create jobs, boost the local economy and provide a long term income stream for Councils.
These seven hotel openings will collectively boost Travelodge’s network to 599 hotels across the UK, Ireland and Spain.
The four new hotel openings in London will also increase Travelodge’s presence to 80 across the Capital, covering 31 out of the 33 boroughs – making Travelodge one of the largest hotel brands in London.
2023 Travelodge hotel opening programme underway
Our 2023 new hotel programme is also underway with construction started on four hotels. Three of these properties feature the new upgraded Bar Café concept and SuperRooms. Two of these hotels are located in London, at Beckenham and Bermondsey, and the other two properties are in Colchester and Ipswich.
New Travelodge hotel contract exchanges update
We have also recently exchanged contracts to develop a further six hotels with third-party investors. Locations include:
- London Loughton/Debden
- Waltham Cross