Whitbread: Premier Inn owner keeps beating rivals as London hotel occupancy soars Premier Inn Whitbread said overall food and beverage sales for the third quarter was at £187.9m, lower than the previous two quarters
Premier Inn owner Whitbread launches another £300m share buyback as revenues soar Hotels Premier Inn owner Whitbread has announced plans to complete a new £300m share buy back scheme as it budget hotel business continues to rack in heft profits. The no frills hotel chain just completed an identical buy back at the start of October, but said it is in strong shape to launch a second consecutive [...]
Premier Inn owner Whitbread to cut 1,500 jobs amid shake-up of restaurant business Hospitality Hospitality giant Whitbread has reported record revenue but said some jobs at its F&B arm will be impacted as it looks to exit a number of locations.
Whitbread: Premier Inn owner thanks London travel boom for hike in hotel sales June 22, 2023 Tourists flocking to London for the King’s coronation helped bolster Premier Inn owner Whitbread’s trading in the first leg of the year, as the hotel group revealed an 18 per cent hike in sales. As Brits embraced travel and leisure after the pandemic, the chain of affordable hotels said sales across its 800 strong portfolio [...]
Premier Inn-owner Whitbread shares rise after robust third quarter January 12, 2023 Premier Inn owner Whitbread saw sales grow 22.9 per cent in the third quarter as Brits turn to budget accommodation options amid looming recession and cost-of-living concerns. The hotel operator reported an increase in demand for sales with accommodation 37 per cent above pre-pandemic levels in the UK and 770 per cent in Germany. Total [...]
Premier Inn owner Whitbread’s new CEO will join from Domino’s in January December 5, 2022 Premier Inn owner Whitbread has announced its new CEO Dominic Paul will join in January. Paul, who has been chief executive at Domino’s Pizza for almost three years, will join its Board on 17 January, taking over from outgoing chief executive Alison Brittain. It was announced in June he would be the next head of [...]
Premier Inn owner Whitbread swings to profit but warns of £60m inflation bill October 25, 2022 Premier Inn owner Whitbread is back in the black after posting a £307.4m profit before tax, in better than expected first half results. The interim results marked better fortunes for the hospitality operator, which last year posted a 19.3m loss. However, the firm said it had not seen its pub business return to pre-pandemic levels [...]
Whitbread pockets £2.6bn revenue: Premier Inn owner’s shares soar five per cent despite ‘most challenging’ period April 25, 2023 Whitbread said its earnings returned to pre-pandemic levels with the Premier Inn owner’s bottom line boosted by Brits embracing more leisure and travel. Whitbread, which also owns restaurants Beefeater and Bar+Block, reported revenues of £2.6bn for the year to March 2023, up 54 per cent from £1.7bn the previous year. Whitbread (WTB) shares soared nearly [...]
From Premier Inn to Premier League: Outgoing Whitbread boss Alison Brittain is new football chair July 26, 2022 The Premier League has announce its new chair as the outgoing CEO of Premier Inn-owner Whitbread, Alison Brittain. The businesswoman was voted for “unanimously” by the football organisation board’s nomination’s committee as the successor to outgoing chair Gary Hoffman. She will take over from interim leader, Peter McCormick, in early 2023. Brittain, who announced her [...]
Premier Inn-owner Whitbread selects Domino’s Pizza chief to head up hospitality giant June 29, 2022 Premier Inn owner Whitbread has selected Domino’s Pizza boss Dominic Paul as its new chief executive. Paul will leave his role at Domino’s Pizza in December 2022, the pizza chain confirmed on Wednesday. He will step into the shoes of Alison Brittain, who has overseen the historic 280-year-old company over the past six years. Paul headed [...]