Page last updated at 23:59 GMT, Wednesday, 6 January 2010

Travelodge plans 115m investment on 26 new hotels

Travelodge hotel
Travelodge will have more than 400 hotels across the country

Budget hotel chain Travelodge has announced it will invest £115m on opening 26 new hotels this year.

The expansion programme will mean more than 2,000 rooms being added and 500 jobs created in positions ranging from managers to cleaners.

The additional hotels will be in areas such as Edinburgh, London, Aberdeen, Chichester, Colwyn Bay and Morecambe.

The expansion will take Travelodge's UK portfolio to more than 400 properties and 30,000 rooms.

Changing market

Travelodge chief executive Grant Hearn said: "Despite a very challenging market, we have chosen to invest and grow throughout the recession and for many more years to come.

"The prevailing economic climate has accelerated the forecasted structural change of the hotel market as consumers have chosen low-cost, quality accommodation rather than overpriced full-service and mid-market establishments."

Travelodge said it would continue to target the long-term unemployed for recruitment.

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