• Travelodge growth plans

Budget chain Travelodge is two thirds through its GBP70m portfolio refit, which is receiving strong reviews from customers. The group has a pipeline of 5,000 rooms and expects to lift its annual openings to 3,500 to 4,000 rooms a year, reports the London Times.

New head Peter Gowers says value for money remains key to the Travelodge offer, noting UK customer preferences for other value brands including Primark and Lidl. He expects Travelodge to deliver a GBP20-30 per night discount to rival Premier Inn.

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