Travelodge announces plans to open 10 more conference hotels
Travelodge is looking to open an additional 10 new hotels close to popular event venues.
Speaking as it opened a new hotel by Telford International Centre today, it said its expansion plans represented an investment of £100 million for third-parties.
Locations it has targeted for new properties include the Liverpool & Echo Arena, Alexandra Palace in London and Bournemouth International Centre.
The hotel chain currently operates 567 hotels, including properties close to the UKs top 20 conference and event centres.
Travelodge said the UK events sector is a strong growing market, contributing £42 billion to the economy in terms of direct spend by event delegates, attendees and organisers.
In 2017, UK~venues hosted an average of 373 conferences and meetings. There were an estimated 93 million delegates accounting for approximately 147.4 million delegate days. The average duration for conferences and meetings was 1.6 days.
However, it said there was a shortage of good quality, low cost accommodation for delegates.
"Our hotels located close to conference and event centres are literally booked out as soon as event dates are released and value seeking attendees will even book into a Travelodge up to 20 miles from the event venue," said Paul Harvey, Travelodge MD – Property.
"Therefore in response to the growing events market, we are actively searching to extend our network with a further 10 hotels close to UK popular conference and events centres.
"This expansion will offer more choice and greater value to delegates and event-goers, whilst supporting the local economy. Collectively it represents an investment of £100 million for third party investors and will create around 300 new jobs across the country."
Locations where Travelodge is actively looking for new hotel sites:
- ACC Liverpool & Echo Arena (Liverpool)
- Alexandra Palace (London)
- Bournemouth International Centre
- Brighton Centre
- Edinburgh International Conference Centre
- Manchester Central Convention Complex
- Olympia (London)
- Queen Elizabeth Centre (London)
- Ricoh Arena & Coventry Conference Centre~(Coventry)
- The SEC Centre (Glasgow)
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