The budget hotel chain opened 15 new hotels throughout 2017 leading to a 6.6% rise in group revenue.
Travelodge saw total group revenue increase by 6.6% to £637.1m last year after opening up 15 new hotels.
The group was also boosted by strong demand for its new ‘SuperRooms’ programme which helped increase sales.
This continued growth allowed the group to undertake a further re-financing in January 2018, reducing its cost of debt as a result.
Peter Gowers, Travelodge chief executive, said: “Our continued focus on quality and service is delivering good results.
“Rising sales from business customers, boosted by our new SuperRooms, helped drive strong sales growth, with like-for-like RevPAR once again ahead of the competitive segment.
“This helped mitigate the significant macroeconomic and external cost pressures facing the sector and deliver another year of progress for the business.”
He added: “Over the last four years we have strengthened Travelodge considerably. We have upgraded our estate, opened over 50 new hotels, launched our new SuperRooms and now have more than 170 hotels with on-site bar cafes.
“While we are not immune to the cost headwinds facing many UK leisure and hospitality businesses, with strong underlying demand for budget hotels and a healthy secure pipeline of new hotels to open, we will be well positioned once the current cost pressures abate.”
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