Recovery ahead of expectations and outperforming the market Throughout this release all percentage growth comparisons are made on a two-year basis, comparing the current year (FY22) performance for the 26 weeks to 26 August 2021 to the same period in FY20 (26 weeks to 29 August 2019), with FY20
Premier Inn relaunches Business Booker, its online booking tool with a guaranteed 5% discount and up to 15% for businesses
Whitbread today confirms the successful completion of its rights issue, launched on 21 May 2020, raising £1bn with an acceptance rate of over 91%
Premier Inn owner Whitbread today, Tuesday, April 14, announces that its senior leadership team has committed to a voluntary pay cut as the business continues to contribute to the fight against COVID-19.
Solid Third Quarter performance with total sales growth of 1.0%
Strong strategic progress in challenging market conditions Strong strategic progress in the UK with 90,000 open + committed rooms and new format trials Activity underway to enhance and optimise the hotel network Accelerating Germany network to almost 8,000 open + committed rooms, inc. second acquisition Good progress on efficiency
Resilient performance in tough market conditions UK total accommodation sales declined 1.5% in the quarter due to weak trading conditions In-line with previous guidance, caution on the UK business environment given macro uncertainty On plan with our efficiency programme helping to partially offset high industry inflation German expansion firmly
Robust financial performance and on-plan to return Costa sale proceeds Solid financial performance in a challenging environment supported by efficiency programme UK network growth to over 76,000 rooms, with good return on capital† Second German Premier Inn opened in Hamburg in February 2019 Whitbread’s largest ever committed pipeline of
Whitbread PLC outlines plans for long-term value creation in the UK & internationally Whitbread has attractive structural growth opportunities in the UK & German hotel markets Unique vertically integrated model enables access to opportunity & value creation Doubling long-term network potential to more than 170,000 rooms in the UK
Good financial performance and on-plan for full-year results Sale of Costa to The Coca-Cola Company for £3.9 billion approved by shareholders UK network increased to over 74,000 rooms, with a committed pipeline of over 13,000 rooms Strong pipeline in Germany with around 6,000 rooms to be delivered by 2021
