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Travelodge announces a £100 million expansion plan

by LLB Reporter
5th Oct 18 7:34 am

Travelodge the UK’s first budget hotel chain which operates 567 hotels, today announces it has opened a new hotel by Telford International Centre; and it plans to open more hotels close to popular UK event venues.

With the opening of Telford Travelodge, the Company now operates hotels   close to the UK’s top 20 largest and busiest conference and event centres.

Telford Travelodge, a 68-room hotel is located by Telford International Conference Centre. It represents an investment of £6 million for the landlord, Telford & Wrekin Council and is part of the local regeneration Southwater programme. The hotel has been designed in the company’s new contemporary brand style; and will be the key accommodation provider to delegates attending events at Telford International Conference Centre.

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. This includes £19.9 billion spend for conferences & meetings and £11 billion for exhibitions & trade fairs.

In 2017, UK Venues hosted an average of 373 conferences & 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.

With a growing number of business and leisure events taking place every year across the UK, there still remains a shortage of good quality and low cost accommodation for delegates / event goers.  To meet this growing trend, Travelodge announces today that it would like to expand its current portfolio of 39 conference & event located hotels with a further 10 properties.

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