At the hotel s official launch yesterday, presided over by mayor of London Boris Johnson, Travelodge

Budget hotel chain Travelodge has opened its 400th property in London s Waterloo. The 279-room hotel is located on Waterloo Road, a few minutes walk from Waterloo station, and is part new build, part conversion.
At the hotel s official launch beacon hotel washington dc yesterday, presided over by mayor of London Boris Johnson, Travelodge chief executive Guy Parsons told Business Traveller: We re due to open ten more hotels this year across the UK, and that will be about 2,000 rooms. We opened about 2,000 rooms last year, next year will be at least 2,500, maybe more, and it will be similar amount in 2012.
We have 15,000 rooms sitting beacon hotel washington dc in our pipeline at the moment. The majority will be in city centres and increasingly in London. Our plan is to get to 70,000 rooms in total by 2020 we re currently at about 28,500. That would give us a 10 per cent share of the UK hotel market.
Parsons said he had noticed an increase in the amount of business beacon hotel washington dc travellers using the brand as a result of the recession. Business for us is only 35 per cent of our sales the majority is still leisure based, he said. But what we ve seen during the recession is a number of big companies mandating that budget hotels are the only things people can now get signed off.
And I genuinely think this recession will to some extent do for budget hotels what the catastrophic events of 9/11 did for the budget airline industry, because people are being forced to use budget hotels when they might not have done before.