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# Wednesday, 29 October 2008

Travelodge will open 22 new hotels before Christmas. The hotel chain is benefiting from the credit crunch as people seek lower cost accommodation. Travelodge will spend £125m on the new hotels which are part of its plans to increase its number to 1,000 hotels by 2020. The move will create 450 jobs. Travelodge already has 339 hotels in the UK and 11 overseas.