Budget Hotels Boom in UK
The business traveller’s search for cheaper hotel accommodation has helped to fuel a near doubling of the UK budget hotel market since 2000, pushing its turn-over beyond £1bn.
Whitbread’s Premier Travel Inn and Dubai International Capital’s Travelodge have provided much of the supply growth, the number of extra rooms increasing by about 8,000 rooms a year on average so far this decade.
Last year, the top two each added 2,000 rooms, compared with French-based Accor’s 449 rooms and Express by Holiday Inn with 356, according to research by TRI Hospitality Consulting. Read more