Travelodge addition helps lift Tifco hotel profits

The performance of the no-frills Travelodge chain of budget hotels contributed to four-fold increase in pre-tax profits at hotel operator Tifco in 2017.

Newly-filed accounts for Tifco’s holding company Halstonville Ltd show profits jumped to €11.89m in 2017, with revenues increasing by 53% to €69.63m.