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Whitbread UK sales down in Q1 amid 'challenging market backdrop'
(Sharecast News) - Hotel operator Whitbread said on Thursday that it had continued to make "good progress" on each of its key strategic priorities. Whitbread said it was facing "a challenging market backdrop" in the UK, with total accommodation sales at Premier Inn down 2% year-on-year and food and beverage sales 16% lower despite a "strong outperformance" in London on both accommodation sales and revenue per available room.
In Germany, Whitbread said it was "trading strongly" and that it remains "on course" to deliver profitability in FY26 after accommodation sales rose 15% in Q1, while food and beverage sales were 22% higher.
Chief executive Dominic Paul said: "We continue to execute our strategic priorities at pace and are making excellent progress with our Accelerating Growth Plan and network expansion in both the UK and Germany.
"We also remain on course to deliver £60.0m of cost efficiencies and meet our target of £250.0m - £300.0m of property disposal proceeds this year. Our Five-Year Plan is on track and will deliver a step change in profits, margins and returns over the next few years."
Reporting by Iain Gilbert at Sharecast.com
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