Wednesday, June 16, 2010

UK Travelodge CEO Sees No Impact From Parent's Woes

LONDON (Dow Jones)--Budget hotel operator Travelodge remains committed to its rapid U.K. expansion rather than further ventures overseas, and will not be affected by the troubles faced by its owners in Dubai, its new chief executive Guy Parsons told Dow Jones Newswires.

"The focus now really is on the U.K.," said Parsons in an interview in London. "For the next two-to-three years you're not going to see a change in strategy because the opportunity's so much greater here than other locations."

Travelodge operates almost 400 hotels in the U.K. and also operates a handful of hotels in Spain and the Republic of Ireland.

Read More:

0 comments:

Post a Comment