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Hotel, coffee shop and restaurant company Whitbread has posted positive results in its Quarter 3 (Q3) statement, with strong sales in its hotel division.
The company, which owns the Premier Inn brand, reported a total like-for-like sales increase of 6.7% for the 39 weeks to November 2, but saw 9.2% growth for Premier Inn, compared to 2.6% for its restaurants and 5.8% for coffee shop brand Costa.
In Q3 alone (the 13 weeks to November 27), Premier Inn saw a like-for-like sales increase of 8.5%.
For the 39 weeks, Premier Inn saw Revenue per available room (RevPAR) increase by 8.7%, the total number of rooms available increase by 5.8% and total occupancy increase by 3.3% to a high of 84.2%.
Andy Harrison, chief executive of Whitbread, said: “Our strong brands continue to win market share, reinforced by our ambitious organic network expansion. We remain on track to open around 4,500 new Premier Inn UK rooms and around 230 net new Costa stores worldwide this year.
“Our committed UK room pipeline stands at around 12,400 new rooms, with a number of attractive London freehold opportunities at various stages of negotiation.”
