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A BUDGET hotel chain with self-serve bars and private pod rooms is looking to open in the UK.

There’s talk of the brand, LyLo, opening several sites across the country, and it has its sights set on Southwark in London.

Hotels in the city, and across most of the UK can be expensive – but if it opens in the UK LyLo is set to be very affordable.

Its ethos is ‘lower prices and higher comfort at the centre of everything’.

If priced like they are in Australia and New Zealand, a stay in a pod could cost as little as £20.24 (AUD$39).

LyLo promises fuss-free check-in, on-site drinks and eats, WiFi, workspaces, and spaces to play encouraging guests to socialise with various events.

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Some of current pod hotels even have rooftop spots where guests are welcome to relax and play games.

LyLo also holds events like welcome drinks, pop-up dinners, local tours, surprise gigs, wellness activities and film screenings.

Some of the LyLo hotels like the ones in New Zealand’s Queenstown and Australia’s Brisbane, even have their own self-pour cocktail and beer wall.

Guests have to show ID to the bar manager, load up their hotel card, then tap and pour – when the balance runs low, just top up and carry on.

Visitors can help themselves to lager, beer, cider and even cocktails like espresso martinis on tap.

For those who need some peace and quiet for work, the hotel also offers a range of ‘quiet spaces’.

Each hotel has a kitchen fully kitted out with ovens, microwaves, fridges, freezers and plenty of cutlery.

At the current sites, guests can either stay in self-contained pods or private rooms.

Visitors can rent out a self-contained pod with a king size mattress, USB charging port and WiFi.

These pods are within a shared room which can sleep up to 10 guests – so each cabin comes with its own privacy screen.

There’s also the option for a female-only space.

Guests can also opt for a private room, or an ensuite room which comes with private bathroom facilities.

If travelling with a number of travellers, there’s also an option to book out a full room of pods for one large group.

LyLo managing director Tim Alpe said: “We are thrilled to introduce LyLo to Europe, with London as the perfect city to launch our first property.

“Our innovative pod hotel concept has already proven successful in New Zealand and Australia, and we are confident that the European market will embrace our unique blend of affordability and community-focused design.

“London’s dynamic and diverse traveller base makes it an ideal location to begin this exciting new chapter, and we look forward to bringing LyLo’s fresh approach to hospitality to the city.”

The brand currently operates 608 pods across New Zealand and Australia.

Here’s another cheap pod hotel that’s already opened in London…

Travel Writer Helen Wright recently spent the night in London’s newest pod hotel – Zedwell – here’s how it went…

“Zedwell is one of the city’s newest hotels to open, right in the middle of Piccadilly Circus. Being so central, you can normally expect hotels to have high prices – the nearby Ritz and the W Hotel can command nightly rates of £500 or more.

“Not Zedwell – the new hotel claims to be the world’s biggest capsule hotel, and with that, comes the small price of just £30 a night. That definitely makes it the cheapest hotel room in the city (unless you want to bunk up in an 18-bed dorm).

“Inside, decked out with a modern concrete and timber design, there are nearly 1,000 individual sleep capsules over five floors. Guests use an iPad to self-check in, before being directed to one of the correct floor and room.

“Each dorm needs a key card to access, too, so you can only enter the dorm you are assigned, which definitely makes it feel secure. It’s a twist on the traditional ‘dorm style’ hostel set up as each guest gets privacy and security of being tucked up in your capsule, with the ability to lock it from the inside. 

“Inside, I was surprised to find a cute little space, with mood lighting and welcoming interiors. Each capsule is made from oak and come with a single Hypnos mattress, Egyptian cotton bedding, individual mini aircon or heat, smart climate control, noise reduction, and ambient lighting.

“There is also a plug socket inside, two USB plugs and a mirror.  Make sure to bring your own padlock too, so you can lock your pod if you plan on going out (although reception let you buy them on-site as well).

“There are clean common areas, which felt more adult then teen-backpacker, which includes a lounge and co-working space. I was impressed with how clean the communal bathroom and toilet area as well, with light jazz music playing overhead.”

For more budget hotels that are currently open in the UK, check out the new 532-room that’s just opened in one of the priciest tourist destinations.

And one writer reveals how she takes her family on city breaks all over the UK – and stays at this budget accommodation for just £6 each night.

South Korean stocks shot up by the most in six years Tuesday, rebounding from the previous session’s deep trough, as investors brushed off concerns over the newly nominated Federal Reserve chair and went bargain hunting. The Korean won also rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 338.41 points, or 6.84 percent, to close at a new high of 5,288.08, a sharp upturn from the previous day’s plummet.

It marked the steepest daily increase since March 24, 2020, when the index rose by 8.6 percent, according to data provided by the Korea Exchange (KRX), South Korea’s main bourse operator.

Trade volume was heavy at 666.5 million shares worth 29.3 trillion won (US$20.3 billion). Winners outnumbered losers 825 to 75.

Strong buying demand triggered the KRX to temporarily suspend stock purchases in early trading.

The temporary halt in trading, also known as a “sidecar” in Korea, came a day after the bourse operator issued a sidecar for sell orders, with the KOSPI plunging by more than 5 percent.

The last time when the KRX consecutively issued a sell-side and a buy-side sidecar was on April 7 and 8, following U.S. President Donald Trump‘s announcement of sweeping tariffs, Lee Kyoung-min, an analyst from Daishin Securities, said.

“As there was no change in the market’s fundamentals, the benchmark index recovered on bargain hunting,” he said.

On a similar note, JP Morgan raised its target for the KOSPI to a range of 6,000 to 7,500 in a report released Tuesday, citing strong delivery in other sectors, such as defense and shipbuilding.

Foreign and Institutional investors turned net buyers, scooping up 703.3 billion won and 2.2 trillion won of equities, respectively. Retail investors sold off a net 2.9 trillion won.

Large-cap shares ended higher across the board.

Market top-cap Samsung Electronics soared 11.37 percent to 167,500 won, while its rival SK hynix advanced 9.28 percent to 907,000 won.

Defense giant Hanwha Aerospace rose 4.84 percent to 1,299,000 won, top carmaker Hyundai Motor added 2.82 percent 491,500 won, and major financial group KB Financial closed up 3.81 percent to 138,800 won.

The local currency was quoted at 1,445.4 won against the greenback at 3:30 p.m., up 18.9 won from the previous session.

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