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Spain to see 6th Travelodge open tomorrow

Tue 17th Sep 2013
Spain to see 6th Travelodge open tomorrow

Budget Hotel chain Travelodge is to open it's 6th Hotel in Spain tomorrow.

The Group's 3rd Hotel in Madrid has cost the company €12 million, and boasts 98 rooms with a starting price of just €29 per night.

The largest Travelodge Hotel in Spain complements a further 2 Hotels in the capital, 2 in Barcelona and 1 in Valencia, and brings the group's total investment in Spain to €80 Million.

Travelodge MD Paul Harvey spoke of how the on going financial difficulties experienced across Spain had seen a shift of popularity towards Budget Hotels : "Spaniards want their euro to work hard for them, and as a result they are making savvier choices so that they can obtain real value for money. He added: "We believe the opportunity to grow in Spain is still huge as the branded budget hotel sector represents just 2% of total hotel stock. This is substantially lower than other European countries such as France which is 24% and the UK which currently stands at just under 20%.

Mr Harvey spoke of how the group was interested in further expanding it's presence in Spain to include cities such as Granada and Sevilla.

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