Travelodge will be officially announcing its full 2022 financial results in early April. This announcement will showcase that 2022 has been a record year for Travelodge, significantly ahead of its previous best year in 2019. 

This performance reflects the strength and resilience of the UK budget hotel market, which performed well in 2022, driven by strong levels of domestic leisure demand and a rapid recovery in ‘blue collar’ business demand, with a more gradual recovery in ‘white collar’ corporate demand. 

UK like-for-like RevPAR growth outperformed the Smith Travel Research (STR) Midscale & Economy benchmark competitive segment, marking the eight consecutive year of Travelodge outperformance. 

Total underlying revenue for the year was up c. 25%, on 2019 levels and Travelodge delivered record profits in the year, with EBITDA (adjusted) expected to be between £210m and £215m (unaudited) (2019: £129.1m, 2021: £81.1m).

Travelodge’s liquidity position remains strong and be-leveraged by £100m in 2022.

The strong leisure and ‘blue collar’ business demand has continued in the first weeks of 2023, as customers continue to prioritise travel and seek out value in tough economic times.