Safestay has reported Final Results for the Period to 31 December 2014. Having successful listed on AIM on 2 May 2014, raising £4.8m and simultaneously acquiring its Elephant & Castle hostel. Fiona Cincotta, senior market analyst at finspreads.com, commented on the positive results and the promising future for the company: “Safestay, the boutique hostel group, … [Read more...]
Travelodge results: revenue up 14.9%, EBITDA up 63.5%
Travelodge has reported its results for the year ended 31 December 2014, with Peter Gowers, Travelodge Chief Executive commenting: “The value hotel market is performing well and new Travelodge is delivering strong outperformance. Our £100m modernisation programme is nearing completion. New king-size Travelodge Dreamer Beds have been introduced in every UK hotel and 90% of … [Read more...]
Salutation Hotel wins Green Can Award for recycling
The Salutation Hotel in Perth has been recognised for going the extra mile when it comes to drink can recycling, in the first ever ‘Green Can Awards’ initiative, introduced by leading drinks can recycling programme Every Can Counts in 2014. The ‘Green Can Award’ winning hotel, was shortlisted by a panel of experts against key performance indicators, with an onus on going … [Read more...]
Travelodge to be sold?
The Times reports that Travelodge may be lined up for sale in the near future, at a price of around £1 billion. The news comes only 3 years after the near collapse of Travelodge, but at a time of very positive interest and investment in the hotel sector, of which owners Goldman Sachs, Avenue Capital and Golden Tree Asset management will be well aware. Apparently, the … [Read more...]
New Twitter Tour Guidesso
Hotel Direct has responded to a recent study into social media integration with a range of new online city guides. Hospitality businesses should check out the guides both for their coverage and for the implications for their own social media activity. The study, conducted by Deloitte, found that more than 50 percent of travel executives believe their companies are behind the … [Read more...]