Travelodge chief executive Jo Boydell has stepped down after 13 years with the business, as the budget hotel operator reported a 4.2% rise in half-year revenue to £491.3m.
Ray Reidy, chief financial officer of Travelodge, has assumed the role of interim chief executive while a search for a permanent successor takes place. Reidy will continue in his role as chief financial officer until an interim replacement is appointed.
For the six months ended 30 June, Travelodge generated group adjusted EBITDA of £47.9m, up from £47.3m in 2025. The business said solid trading was driven by new and maturing hotels alongside strong growth in Spain, where revenue rose by approximately 22% to £3.7m.
Growth was underpinned by strong leisure demand in London and regional areas, which the group said was driven by major music and sporting events. However, corporate demand remained weaker, particularly in London.
The group noted significant inflationary and regulatory cost pressures, including increases to the national living wage, employer national insurance contributions and business rates from April 2026. These were partially offset through cost efficiencies and disciplined cost control.
Travelodge said it has completed refits across more than 75% of its room estate. The company opened three hotels during the period across the UK and Spain and expects to open five new hotels in total across 2026. Period end cash stood at £84.3m.
The business said it has also implemented measures to enhance guest safety, including an independent review of room access security policies led by Paul Greaney KC and an updated key card policy across all properties.
Trading in the third quarter to date showed total revenue up by approximately 3%, with booked revenue levels in line with 2025.
Reidy said: “I’m pleased to report a solid trading performance delivered against a continually challenging market backdrop. To maintain profitability when we have had to contend with significant inflationary and regulatory cost pressures is a creditable performance and is a testament to the hard work of our teams and the strategic progress we have made.”
Stephen Shurrock, chairman of Travelodge, added: “We are delighted that Ray Reidy has agreed to serve as Interim CEO. He brings a strong track record of delivery and will have the full support of the board and the wider management team as Travelodge continues to deliver its strategic priorities.”
Travelodge chief executive Jo Boydell has stepped down after 13 years with the business, as the budget hotel operator reported a 4.2% rise in half-year revenue to £491.3m.
Ray Reidy, chief financial officer of Travelodge, has assumed the role of interim chief executive while a search for a permanent successor takes place. Reidy will continue in his role as chief financial officer until an interim replacement is appointed.
For the six months ended 30 June, Travelodge generated group adjusted EBITDA of £47.9m, up from £47.3m in 2025. The business said solid trading was driven by new and maturing hotels alongside strong growth in Spain, where revenue rose by approximately 22% to £3.7m.
Growth was underpinned by strong leisure demand in London and regional areas, which the group said was driven by major music and sporting events. However, corporate demand remained weaker, particularly in London.
The group noted significant inflationary and regulatory cost pressures, including increases to the national living wage, employer national insurance contributions and business rates from April 2026. These were partially offset through cost efficiencies and disciplined cost control.
Travelodge said it has completed refits across more than 75% of its room estate. The company opened three hotels during the period across the UK and Spain and expects to open five new hotels in total across 2026. Period end cash stood at £84.3m.
The business said it has also implemented measures to enhance guest safety, including an independent review of room access security policies led by Paul Greaney KC and an updated key card policy across all properties.
Trading in the third quarter to date showed total revenue up by approximately 3%, with booked revenue levels in line with 2025.
Reidy said: “I’m pleased to report a solid trading performance delivered against a continually challenging market backdrop. To maintain profitability when we have had to contend with significant inflationary and regulatory cost pressures is a creditable performance and is a testament to the hard work of our teams and the strategic progress we have made.”
Stephen Shurrock, chairman of Travelodge, added: “We are delighted that Ray Reidy has agreed to serve as Interim CEO. He brings a strong track record of delivery and will have the full support of the board and the wider management team as Travelodge continues to deliver its strategic priorities.”
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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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