Expansion of hotel chain
Whitbread plans more rooms at Premier Inn
This year it plans 200 more Costa coffee outlets worldwide and 950 Costa Express machines. It will open 230 stores worldwide and 1,000 Costa Express machines next year.
In an update it said it has seen total sales growth of 10.4% and like-for-like sales growth of 3.2%. It expects to report full year profit in line with expectations.
Premier Inn has continued to win UK market share, growing total sales for the 50 weeks by 11.1%, like for like sales by 4.4%, total revpar by 3.6% and the number of rooms available by 7.6%. Total occupancy remained high, in line with last year, at 81.1% and total room nights sold increased by 7.4% to 17 million.
Costa grew its worldwide total sales by 14.2% and like for like UK sales by 3.0% for the 50 weeks.
Capital investment of £700m will remain broadly the same.
Photo: One of two Premier Inns opening in the New Waverleygate development in Edinburgh (by Terry Murden)