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Premier Inn owner Whitbread has announced a 19% increase in UK sales compared with last year and a 23% increase compared with FY19, for the 13 weeks ended 1 December 2022.
Food and beverage sales saw an 8.4% increase compared with last year. However they decreased 3.7% when compared with pre-pandemic. Total revenue per available room (revpar) in the third quarter was up 21% on the same period a year earlier and 27% versus the pre-pandemic period.
Alongside this, Whitbread also saw strong trading in Germany with a 158% increase in sales compared with last year.
As a result of these results the company is still sticking to its current cost guidance for FY23.
Alison Brittain, CEO, said: “Premier Inn UK delivered another excellent quarter with a strong performance, both in absolute terms and also relative to the broader midscale and economy sector.
“The uplift in accommodation sales was driven by a strong performance across London and the Regions, with both remaining significantly ahead of last year and pre-pandemic levels and with a well-balanced mix of business and leisure guests.”
She added: These revenue trends have continued into the fourth quarter, with good occupancy and high average room rates sustaining strong RevPAR growth and UK food and beverage sales remain well ahead of last year.
“Despite a more challenging period for the UK economy, our winning business model continues to deliver outstanding value and quality for our guests. The strength of our forward booked position, robust pricing, estate growth and efficiency programme all underpin our confidence in the outlook for FY24.”
