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…
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