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16 Mar 2020 15:05
16 March 2020
easyHotel plc
("easyHotel" or the "Group")
Statement re COVID-19
easyHotel, the owner, developer, operator and franchisor of "super budget" branded hotels, today announces an update in response to COVID-19.
Against the backdrop of a clearly escalating and material reduction to domestic and international travel as a result of the COVID-19 pandemic, the Group is now experiencing a reduction to its forward bookings for the next three months which is expected to adversely impact occupancy levels at the Group's hotels across the UK and Europe.
It is too early to estimate what the full impact from COVID-19 will be on the Group's performance for the current financial year, however, the Board is assessing the actions it can take to respond to the unprecedented market challenges it faces.
Our key priority is the health and welfare of our staff and guests alike and we will continue to monitor the situation closely.
Enquiries:
easyHotel plc | |
Scott Christie, Interim Chief Executive Officer | www.easyhotel.com |
Harm Meijer, Non-executive Chairman | http://ir.easyhotel.com |
Investec (Nominated Adviser and Broker) | +44 (0) 20 7597 5970 |
David Anderson
| |
Houston (Financial PR) | +44 (0) 20 3701 7660 |
Kate Hoare / Laura Stewart |
Notes to Editors:
www.easyhotel.com http://ir.easyhotel.com
easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the super budget segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers.
Operating hotels
easyHotel has an estate of 40 hotels with 3,759 rooms, comprising 27 franchised hotels (2,332 rooms) and 13 owned hotels (1,427 rooms).
Owned hotels:
United Kingdom: Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle*, Leeds, Sheffield, Ipswich, Milton Keynes.
Spain: Barcelona
France: Nice
Franchise locations:
United Kingdom: Edinburgh, London Heathrow, Central London, Luton, Reading and Belfast.
Europe: Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt, Bernkastel-Kues), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Amsterdam Schiphol Airport, Rotterdam, The Hague, The Hague Scheveningen Beach, Maastricht), Portugal (Lisbon), Switzerland (Basel, Zurich).
International: UAE (Dubai).
Hotel development pipeline
Owned hotels:
United Kingdom: Chester, Cardiff, Oxford*, Blackpool, Cambridge* and Bristol#.
Europe: Ireland (Dublin), France (Paris-Charles de Gaulle Airport*), Spain (Madrid)
Franchise hotels:
United Kingdom: Derby
Europe: Spain (Malaga), Switzerland (Zurich: City Centre, Limmatplatz).
International: Israel (Tel Aviv - three locations)
* Hotels under an operating lease.
# Subject to planning permission.
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