A 70-page independent review led by Paul Greaney KC has delivered a devastating verdict on Travelodge's guest safety record. Commissioned after a man was convicted of sexually assaulting a guest in Maidenhead in 2022 — having been handed a copy of the victim's room key by staff after falsely claiming to be her boyfriend — the report finds that despite six months of reforms, guests remain at risk. Room intrusions were reported at nearly one in 10 of Travelodge's hotels over the summer, affecting approximately 60 properties. The assault victim, referred to as "Lily," was offered a £30 refund. Greaney called Travelodge's handling of her complaint "simply appalling" and "driven by a desire to get rid of the complaint as quickly and cheaply as possible." The report is unambiguous: these are organisational failures, not the fault of individual staff members. The chain's complaints process prioritised cost minimisation over human decency. The review acknowledges Travelodge has been attempting to strengthen its key security policy since March 2024. But Greaney found the new policy "is not being applied with anything like sufficient consistency on the ground" — it has not "sufficiently embedded." This is the critical gap between corporate policy documents and operational reality in a budget hospitality model where staffing is thin and training time is expensive. Greaney's recommendations include body cameras for all reception staff, consistent CCTV across all hotels, mystery shoppers to test key security compliance, new policies addressing violence against women and girls, and improved safety protocols for lone-working staff. Each recommendation implicitly reveals what was absent: no body cameras, inconsistent surveillance, no systematic compliance testing, no specific VAWG policy, inadequate lone-worker protections. The report also flags that room intrusions are a sector-wide problem, not unique to Travelodge. This is a market structure issue: budget hotels operate on razor-thin margins with minimal staffing, creating inherent tension between cost efficiency and guest security. Every pound spent on security is a pound not spent on price competition in a segment where price is the primary differentiator. Travelodge's former CEO Joanna Boydell resigned in August as the crisis escalated. Interim CEO Ray Reidy issued an unreserved apology and pledged to implement the recommendations over the next 6-12 months, with a new board committee tracking progress. The chain says it welcomes the report. Whether welcome translates to funded implementation across 600+ properties is the question that matters. The structural diagnosis here is straightforward: a business model that extracts maximum revenue from minimum operational cost will systematically under-invest in guest safety until forced to do otherwise. The forcing function arrived in the form of a sexual assault conviction, media pressure, and an independent review. The test now is whether Travelodge treats this as a genuine inflection point or a reputation-management exercise with a 12-month shelf life.