By Claire West
Whitbread PLC, the UK’s largest hotel and restaurant group, today reports its trading performance to 29th November 2012.
Andy Harrison, Chief Executive of Whitbread, comments:
“Whitbread continued its strong growth momentum with total sales up 14.4% together with good like for like sales growth of 3.3%. This once again demonstrates the strength of our brands.
During the third quarter, Premier Inn continued to outperform its competitive set with total sales growth of 12.6% and like for like sales growth of 2.5%. Over the same period, Premier Inn delivered total revpar*2 growth of 0.7% compared with a decline of 0.6% for the total UK hotel market*3 and a decline of 5.4% for the Mid-scale and Economy sector*3. Restaurants continued to outperform the market*4 with like for like sales growth of 1.9%, against tougher comparatives. Costa continued its strong sales momentum with UK like for like equity stores up 7.1% and total sales up 25.5%.
The economic environment remains challenging with no change in our background consumer market. We are on track to deliver full year results in line with expectations.”