Craig Bonnar has been serving as interim chief since the start of this year and has been a member of the group operating board since his appointment as chief operating officer in 2017.
Travelodge has announced it expects to open 17 new hotels across the UK in 2021, creating 360 new jobs and growing its hotel network to 597 locations in the UK, Ireland and Spain.
Travelodge has announced the appointment of leisure travel veteran, Martin Robinson, as its new chairman. He brings a wealth of brand building, strategic management and leadership expertise.
Travelodge has retained a network of 578 hotels following an acrimonious company voluntary arrangement deal with owners, losing just a handful to competitors.
Travelodge has accelerated its hotel reopening programme, with a further 100 properties returning to market this week. The budget company added it would continue to reopen dozens of properties a week this month.
A short statement explained: “The successful vote will enable Travelodge to navigate the short-term challenges facing the business as a result of the Covid-19 pandemic.”
Travelodge has a proposed a company voluntary arrangement as it seeks to restructure in the wake of the Covid-19 outbreak. Under the plans, landlords will be paid £230 million in rent, approximately 62 per cent of the sum due under current contracts.
Travelodge is looking to grow its coastal hotel network with a further 26 properties in seaside resorts and coastal towns in the British Isles. The hotel chain opened its first seaside hotel in Brighton in 1999 and has opened its 36th seaside resort hotel at Rhyl beach.
Travelodge has launched a new recruitment programme targeting parents looking to get back into work. Travelodge also revealed today that revenue climbed 8.8 per cent to £694 million in the year to December 31st, while adjusted earnings grew £9.6 million to £122 million.
Travelodge 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.
London’s first budget hotelier has celebrated 30 years of trading in the capital by opening its new flagship Travelodge Plus hotel in the City of London, close to Liverpool Street station.