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Whitbread warns of limited visibility for hotel business

British hotel company Whitbread reported another quarterly decline in sales today amid subdued leisure demand from cost-conscious customers, and said it was unclear when the broader industry would return to growth.

Business • 19 Jun

Premier Inn, Whitbread's budget-hotel chain, is seeing good levels of demand into the peak summer months

Whitbread signals strong summer demand for Premier Inn

Premier Inn owner Whitbread has signalled strong demand for the upcoming summer season and said it was confident about its medium-term goals, supported by planned expansions in the UK and continued strong performance in Germany.

Business • 02 May

Daniel Bourke, Senior Project Manager at Cumming Group, Emma O'Shiel, Project and Programme Manager for Whitbread in Ireland, Danielle Gillespie, Senior Design Manager at Gilbert-Ash and Sean Doran, Project Director at Gilbert-Ash

New Premier Inn hotel build starts at Clerys Quarter

The owner of the Premier Inn chain, Whitbread, has started the construction of its most high-profile hotel development in Ireland at Dublin's Clerys Quarter.

Business • 14 Feb

Whitbread, which owns the Premier Inn chain, has reaffirmed its 2025 outlook

Premier Inn owner Whitbread posts modest UK sales

Premier Inn owner Whitbread has today reported a modest increase in total accommodation sales in the UK for a six-week period, and reaffirmed its full-year 2025 forecast, supported by strong sales in Germany.

Business • 16 Jan

PI Hotels and Restaurants Ireland Ltd has lodged the planning application for the Premier Inn eight storey hotel.

Premier Inn lodges plans for hotel in Dublin's Sandyford

Hotel operator, Premier Inn has lodged plans for a 162 bedroom hotel for the Sandyford Business Park and is to expand further in Dublin and beyond over the coming years.

Business • 22 Oct 24

Premier Inn owner Whitbread said it was targeting at least £300m more profit and over £2 billion for shareholder returns in the next five years

Premier Inn owner Whitbread's H1 pre-tax profits down 13%

British hotel group Whitbread said today that a key revenue metric for its mainstay UK business fell 4% in the past six weeks, dented by weak demand.

Business • 16 Oct 24

Whitbread has reported a 2% fall in revenue per available room (RevPAR) or room revenue for the 13-week period ended May 30

Premier Inn owner Whitbread maintains annual forecast

British hotel group Whitbread has today reiterated its annual forecast after the firm, the owner of Premier Inn, posted a dip in first-quarter room revenue in the UK as weekend bookings were slightly lower.

Business • 18 Jun 24

The hospitality industry is witnessing a rebound as travel across the world recovers from the pandemic fallout

Premier Inn owner Whitbread quarterly sales rise

Premier Inn owner Whitbread has said its first-quarter sales came in ahead of last year's figures, supported by strong demand for travel and leisure and robust performances of its UK hotels.

Business • 22 Jun 23

The proposed building's height is identical to the height of the hotel already granted planning permission

Premier Inn secures green light for Dublin city hotel

Premier Inn hotels has secured the green light for an expanded hotel in the Clery's Quarter site on Dublin's O'Connell Street.

Business • 17 May 23

Budget hotel chains and airlines have seen robust demand as consumers restrict spending on the back of a deepening cost-of-living squeeze

Whitbread's annual profit rises above pre-Covid levels

Premier Inn owner Whitbread has today reported its annual profit above pre-pandemic levels, beating expectations, buoyed by strong demand for accommodation and leisure travel in the wake of holiday periods devoid of Covid-19 restrictions.

Business • 25 Apr 23

Whitbread was buoyed by a pickup in demand for leisure travel on robust summer bookings as Covid-related curbs eased

Premier Inn owner Whitbread returns to profit

Premier Inn owner Whitbread has swung to a first-half profit, buoyed by a pickup in demand for leisure travel on robust summer bookings as pandemic-related curbs eased.

Business • 25 Oct 22

Premier Inn owner Whitbread flags higher costs

Whitbread said today that is first-quarter sales rose following a recovery in hotel stays in the UK and Germany, while the company also flagged additional costs related to pay increases amid a tight labour market.

Business • 15 Jun 22

Whitbread said that overall sales rose 5% in its third quarter ending on November 25

Whitbread remains upbeat about sales recovery

Premier Inn owner Whitbread continues to expect sales at its hotels to return to pre-pandemic levels during 2022 even though the spread of Omicron coronavirus variant has affected bookings recently, the company said today.

Business • 12 Jan 22

Premier Inn said its total sales fell 69.8% in the first quarter from pre-Covid levels

Premier Inn-owner Whitbread sees leisure demand pickup

Premier Inn-owner Whitbread said today that hotel bookings in its tourist locations picked up in the run-up to the summer travel season despite the UK delaying plans to ease pandemic restrictions.

Business • 17 Jun 21

Whitbread said that occupancy levels declined to 23% in January and 29% in February

Whitbread's annual losses hit £1 billion

Premier-Inn owner Whitbread has today reported an annual loss of about £1.01 billion after Covid-19 curbs hit all major travel in Britain for most of 2020.

Business • 27 Apr 21

Whitbread said it had hit targeted cost savings as more employees took a cut in maximum contracted hours

Premier Inn owner looks beyond lockdown after job cuts

Premier Inn owner Whitbread said today that a restructuring of its hotels and restaurants had resulted in around 1,500 job cuts, rather than the 6,000 predicted, and that it had outperformed the British market.

Business • 14 Jan 21

The Premier-Inn owner said it had plunged to a loss of £724.7m in the first half of 2020

Whitbread says market slowing after fresh virus curbs

Whitbread said today that business had slowed this month after the UK government asked people to work from home and imposed new regional lockdowns, adding to pressures after the Premier-Inn owner posted a hefty first-half loss.

Business • 27 Oct 20

Premier Inn owner Whitbread said it may have to cut 6,000 jobs as it expects demand to stay low

Premier Inn owner Whitbread may cut nearly 6,000 jobs

Premier Inn-owner Whitbread said today it could cut up to 6,000 jobs in its hotel and restaurant business as it expects demand to remain at lower levels in the short to medium term.

Business • 22 Sep 20

Whitbread says demand for its hotel rooms in tourist destinations are holding up well while demand in other areas including London remained subdued

Whitbread Q1 sales slump 79%, begins to reopen hotels

Whitbread's first-quarter sales plunged 79% as the Covid-19 lockdown closed most of its hotels in Britain and Germany, but the Premier Inn owner said it expects most of them to open by the end of July.

Business • 07 Jul 20

Whitbread said it expects hotels and restaurants in the UK to remain closed or operate at low occupancy levels until September

Whitbread to raise £1 billion to weather Covid crisis

Shares in Premier Inn owner Whitbread tumbled 16% today after it said it would seek £1.01 billion in fresh cash from shareholders to help weather the Covid-19 crisis.

Business • 21 May 20

Premier Inn owner Whitbread is taking a cautious approach to hotel demand for the next fiscal year

Whitbread takes cautious approach for next fiscal year

Whitbread has reported a 1.3% drop in UK like-for-like sales in the third quarter as Britons delayed travel plans amid Brexit uncertainty.

Business • 16 Jan 20

Uncertainty surrounding Brexit has kept companies from shelling out on business travel in the UK

Premier Inn-owner Whitbread reports fall in H1 profit

Premier Inn owner Whitbread has today reported a lower first-half pretax profit, as the uncertainty surrounding Brexit kept companies from spending on business travel in the UK.

Business • 22 Oct 19

Brexit uncertainty hurts demand at Whitbread

Whitbread said today that its first-quarter room revenue was hit by tough market competition and ongoing Brexit uncertainty.

Business • 19 Jun 19

Total UK sales growth at Premier Inn was 4.8% in the first half of Whitbread's financial year

Hotel rooms growth fuels Whitbread revenue rise

Revenue at Whitbread rose 2.6% in the first half of the year as investment in expanding its network of Premier Inn hotels bore fruit in a rise in sales ahead of the sale of Costa Coffee to Coca-Cola.

Business • 23 Oct 18

First quarter sales at Costa Coffee fell 2% compared to a 1.1% rise last year

Whitbread says Costa demerger making 'good progress'

Whitbread said today it had made "good progress" in Costa Coffee's demerger as it reported a dip in first-quarter sales in its British stores.

Business • 27 Jun 18