Full Year Results 

easyHotel to focus expansion on Europe

easyHotel to focus expansion on Europe

During the year to September 2018, easyHotel (EZH) made progress on its ambitions to become the “market leader in ‘super budget’ hotels”, with further expansion funded through a March share placing that raised £500m. Nine new hotels opened during the year, adding a total of 907 rooms, including the first European hotel located in Barcelona. Since the period-end, another hotel has opened in Lisbon, bringing the total portfolio to 34 hotels and 3,169 rooms across 28 cities. So far, it looks as though new rooms are being filled, as occupancy increased from 79.8 per cent to 82.4 per cent, with the average daily rate up from £47.80 to £51.30. 

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