Travelodge announced financial results for 2022.
It was driven by strong levels of domestic leisure demand and a rapid recovery in ‘blue collar’ business demand.
Total underlying revenues for the year were up 25% on 2019 levels.
Adjusted hotel profits are expected to be between £210m and £215m.
It recently completed on a lease regear with LXI REIT plc for 97 of the 122 Travelodge hotels acquired.
New green lease provisions have been added to support Travelodge’s sustainability plan, ”Better Future’.
This includes sharing of energy, water, recycling and waste data.
CEO Jo Boydell, said: “We are delighted with record results and our eighth consecutive year of RevPAR growth.”
