30 AUGUST 2010
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TRAVELODGE has opened its 11th hotel in the Scottish capital. The 96-room property is ideally situated near the top end of Princess Street. In the past 15 months the budget group has opened five hotels in Edinburgh taking its room stock to more than 1,000 rooms across the city. According to a Melvin Gold Consulting report on hotel supply, the UK budget sector is set to treble by 2027 to 225,000 rooms. This forecasted growth mirrors the rise of the budget sectors in France and the US where demand for low cost accommodation has been driven by the internet and increased supply. In Edinburgh the report claimed that budget supply is still relatively low, allowing plenty of potential for growth. www.travelodge.co.uk
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