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Whitbread Q3 sales up 5.5% despite Omicron


Whitbread has introduced its like-for-like lodging gross sales elevated by 5.5% within the UK for the 13 weeks ending 25 November 2021 (Q3 FY22), in comparison with the identical interval in FY20, with Premier Inn lodging gross sales 10.6% forward of FY20.

For the six weeks to six January 2022, Whitbread’s whole UK lodging gross sales additionally grew 5.1% forward of FY20, with the group declaring “resilient” buying and selling regardless of the onset of the Omicron variant.

The expansion in UK lodging gross sales was reportedly pushed by “robust” leisure demand and recovering enterprise demand.

Moreover, the group was working constructive money circulate within the interval to the top of December, with web money of £120.5m, enabling funding in its progress technique.

Whitbread stated it maintains its expectation that Premier Inn’s UK like-for-like RevPAR run charges will get better to pre-Covid ranges throughout 2022.

Alison Brittain, Whitbread CEO, stated: “Q3 represented one other robust efficiency within the UK with Premier Inn persevering with to commerce considerably forward of the market. Excessive ranges of leisure demand and enhancing enterprise demand helped preserve like-for-like lodging gross sales forward of pre Covid-19 ranges.

“Within the UK, we are going to develop by means of the aggressive benefits of getting by far the most important community of accommodations and working the primary resort model, mixed with our direct distribution, best-in-class working mannequin, broad buyer attain and underpinned by our market-leading sustainability programme.”

She added: “These distinctive attributes, mixed with our yield administration, property progress, and value effectivity programme, guarantee we’re in a far stronger place than others to offset inflationary headwinds and return to our pre Covid-19 margins.”

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