The group, which was set up by easyJet founder Stelios Haji-Ioannou, made a trading statement for the five months up to February 28 to investors today.
Chief executive Guy Parsons said: “Trading in the first five months of financial year 2016/17 was slightly ahead of the board’s expectations, with like-for-like revenue growth of 19%, as owned hotels continued to benefit from our revenue management strategy.
“We remain on track to open eight new hotels - four owned and four franchised - in the current year. We are actively evaluating a number of interesting opportunities, which potentially meet our site criteria of location and returns.”
EasyHotel enjoys strong growth in budget sector
Hotels
Rob Gill
24 March 2017
Budget hotel chain easyHotel has seen its “like-for-like” sales grow by 19% as it has “outperformed” its competitors in recent months.
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