Register to get 1 free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Hotel and restaurants group Whitbread has said it’s made a strong start to its financial year aided by growth of its Premier Inn and Costa brands.
In the first quarter Whitbread’s like-for-like sales rose 4.5 per cent on the same period last year, while total sales rose 13.9 per cent.
Costa’s like-for-like sales increase was 8.4 per cent while total sales rose 25.3 per cent.
Like-for-like sales for Premier Inn reflected those of Whitbread; rising 4.3 per cent. Total sales for the hotel chain were up 12.4 per cent.
Chief executive of Whitbread Andy Harrison said: “Whitbread has begun the new financial year well.
“For the second quarter we face tougher comparatives against a strong result last year, together with the uncertain impact of this summer’s major sporting events.”
Whitbread has recently announced plans to open a further 4,200 Premier Inn rooms, eight joint-site restaurants and 350 new Costa stores this financial year, in a move expected to create an additional 3,500 UK jobs.
Image courtesy of Costa Coffee.
