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Premier Inn posted good results despite the Olympics

1 min reading time

Published on 06/09/12 - Updated on 17/03/22

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The parent of Premier Inn and the Costa Coffee chain said its budget hotel group had ‘outperformed its competitive set’, with total sales growth of 13% in the 24 weeks to 16 August.

Andy Harrison, chief executive of Whitbread, said: ‘Whitbread has continued to deliver good sales growth with total sales up 14.8% in our second quarter. Our brands have outperformed in a tough economic climate, with like-for-like sales growth of 4.2% and we have continued our network expansion at Costa and Premier Inn.’He said the Olympics provided a ‘modest benefit’, primarily through increased room rate, with occupancy slightly down on last year. Premier Inn increased total room nights sold by 10.2% to 6.4m; occupancy rose 0.4 percentage points to 79.4%; and its room rate rose 1.8%.

Whitbread
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Whitbread

Hotel Group

  • Whitbread United Kingdom
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