Travelodge expansion plans announced
Travelodge expansion plans to create a further 150 hotels over next eight years
Plans for a major Travelodge expansion have been revealed as Chancellor George Osborne visits the chain’s Birmingham Airport hotel.
The plans are expected to create more than 3,000 jobs across the country in 150 new hotels which will be developed over the next eight years.
This figure will be achieved through the development of 20 to 25 new hotels per year from 2016. The news follows confirmation that Travelodge will also create 400 new jobs this year through the opening of 15 new hotels across the country, an investment of nearly £1M.
Chancellor Osborne was at the Birmingham Airport Travelodge to hear from the staff there following on from speeches he and the Prime Minister made yesterday to set out their 6-point long term economic plan for the Midlands.
The pair outlined plans to make the Midlands an Engine for Growth by backing the area’s core strengths, including supporting tourism and visitors to the region.
The region has seen a rapid increase in tourism over recent years and saw an increase of nearly half a million visitors between 2012 and 2013 alone; boosting the local economy by over £3.5M in extra spending. The Chancellor’s speech included additional measure to enhance visitor experience to the region, including the commitment to support the development of Shakespeare’s house, New Place, in Stratford upon Avon.
The Travelodge expansion plans are not only reliant on tourists though as the company has seen increased demand from business customers.
Chancellor of the Exchequer George Osborne said: “Our long term economic plan for the Midlands is to make the area an Engine for Growth by backing business and supporting growth. The expansion of a great British brand like Travelodge within a growing hotel and leisure industry in the UK, is fantastic news, which means thousands of new jobs and economic opportunities for people.”
Peter Gowers, Travelodge Chief Executive said: “We are well underway with our plans to build new Travelodge. We’re investing more than £100 million in modernising our hotels for our customers and we now have 87% of guest rooms upgraded to our new look. In 2015 we are opening 15 new hotels, creating 400 new jobs and extending our network still further.
“With our modernised hotels and unbeatable value, we are well placed to serve the rapidly growing demand for low-cost travel. We see the potential for more than 150 further hotels across the UK and look forward to creating more great places to stay and thousands more jobs over the years ahead.”
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