Bussiness
Premier Inn trading improves – London Business News | Londonlovesbusiness.com
Whitbread’s trading has improved across their Premier Inn hotels and also announced demand was “softer” during the weekend in some areas that did well last year.
The London listed hotel and pub firm who also run Brewers Fays brands revealed group sales in the three months to 30 May rose by 1% to £739 million.
The company told investors in the first seven weeks of the quarter sales were down by 1%.
“While midweek business demand and peak leisure demand remained robust, weekend demand at short-lead was slightly softer, particularly in London, reflecting a return to more normalised levels after what was a very strong performance last year,” Whitbread said on Tuesday.
Dominic Paul, chief executive of the hospitality group, said: “Whilst the normal booking pattern means our forward visibility remains limited, our forward booked position is positive and we remain confident in the full-year outlook.
“This reflects a more encouraging trading performance in the UK, our strong commercial programme and increased cost efficiencies, as well as good progress in Germany.”