Try GOLD - Free
Budget hotel chain Easyhotel edges closer to profitability
The Journal
|May 22, 2025
EASYHOTEL has made significant strides in reducing its losses, moving closer to profitability for the first time since the onset of the Covid-19 pandemic.
The budget hotel chain, headquartered in London, reported a pre-tax loss of EUR1.8m (£1.5m) for 2024, a substantial decrease from the EUR10.5m (£8.9m) loss recorded in 2023.
This is the smallest pre-tax loss Easyhotel has posted since it fell into the red in the year ending September 2019, with total pre-tax losses amounting to around £60m since then.
According to new accounts filed with Companies House, Easyhotel’s revenue rose from EUR77.3m to EUR80m in 2024.
The hotel chain was established by Greek Cypriot entrepreneur Stelios Haji-Ioannou in 2004 and went public in June 2014 before delisting from AIM in 2020.
This story is from the May 22, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
We won't risk Gordon unless fit, vows Tuchel
ENGLAND manager Thomas Tuchel has promised Newcastle United that he won’t risk Anthony Gordon unless he is convinced of his fitness.
1 min
November 08, 2025
The Journal
Graeme Whitfield
As someone who tries to be as positive as possible about the political process, a thing that drives me mad is the way that politicians hold their opponents to a higher standard than their own colleagues.
2 mins
November 08, 2025
The Journal
Scotland's dreaming of making history
RUGBY Sione Tuipulotu and Scotland are relishing the challenge of trying to mark 100 years of Murrayfield by conquering the All Blacks for the first time ever today.
1 mins
November 08, 2025
The Journal
Big home improvements are needed for the Heed
GATESHEAD manager Alun Armstrong has set his sights on improving his side’s dismal home record as they meet Solihull Moors at the International Stadium.
2 mins
November 08, 2025
The Journal
Gunners boss praise for 'one of the best' signings this summer
ARSENAL boss Mikel Arteta has hailed Sunderland midfielder Granit Xhaka as “one of the best” signings this summer ahead of today's reunion.
1 mins
November 08, 2025
The Journal
Drink-driver who crashed his car into a tree banned
A DRINK-DRIVER was caught when he ploughed his car into a tree in a busy Northumberland town.
1 min
November 08, 2025
The Journal
Beat the burglars
Protect your property during the darker nights, says SAM WYLIE-HARRIS
2 mins
November 08, 2025
The Journal
Pep joins the 1000 club with Sir Alex
SIR Alex Ferguson has congratulated Manchester City boss Pep Guardiola ahead of his 1,000th match as a manager.
1 mins
November 08, 2025
The Journal
Higher tax required for online betting, say MPs
THE Government should not “cave in to industry scaremongering” and tax online betting games at a rate that reflects their harm, MPs have said.
1 mins
November 08, 2025
The Journal
Prepare for the depths of winter
NOW IS THE TIME TO LOOK AFTER YOUR POND - OR EVEN START BUILDING ONE
2 mins
November 08, 2025
Listen
Translate
Change font size