<p>Jury's Inn has announced plans to open four new low-cost hotels across the UK in a move that could both benefit from and stimulate the conference industry, reports propertyweek.com.</p><p>The hotel chain will spend £90 million building new sites in Newcastle, Bradford, Glasgow and Portsmouth and will offer 830 rooms designed to appeal both to tourists looking for cheap holiday accommodation, and business delegates and event organisers seeking to reduce company expenditure on conference meetings.</p><p>Simon Jones, Jury's Inn development director, told the website: "We plan to grow the business aggressively this year and are seriously exploring the new site opportunities emerging from the changing UK property market."</p><p>The hospitality brand, which is owned by the Oman Investment Fund and Quinlan Private, could be looking to take advantage of declines in the UK commercial property market to acquire the sites for the hotels.</p><p>Reuters reports that Travelodge has announced plans to introduce price cuts totalling £13 million in a bid to attract more guests during the economic downturn.<br/><img alt="ADNFCR-1753-ID-18982639-ADNFCR" src="http://feeds.directnews.co.uk/feedtrack/justcopyright.gif?feedid=1753&it..." /></p>

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