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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.
