Travelodge sales rise 1.7% in H1 but earnings hit by investments

Travelodge revenues have risen by 1.7% to £486.7m in the first half of the year, up from £478.7m, reflecting “resilient” customer demand, though earnings over the period were hit by ongoing investments. EBITDA of £82.2m was impacted by planned, “significant” investments, as well as overall inflationary pressures, and the impact of freehold property acquisitions over the …