Premier Inn recovery faster than expected, bosses say
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Whitbread traded significantly ahead of the market in the UK during the first half of the year, with our regional hotels trading ahead of pre-Covid-19 levels in the last six weeks of the half,” said chief executive Alison Brittain. “This strong performance has continued into the second half, with sustained high levels of leisure demand and resilient demand from tradespeople.” The chief executive said that in Germany where Whitbread will soon have 73 hotels, budget hotels are recovering faster than their more expensive rivals. “Although we are not immune from these challenges, we are well placed to respond.” Revenue in the six months was 39% lower than the same period two years earlier, but has more than doubled since last year, from £251 million to £662 million.
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