Hotel and restaurant group Whitbread achieves total sales growth of 11.4%

13th December 2011, 8:22am

Hotel and restaurant group Whitbread has experienced an 11.4% rise in total sales for the third quarter of 2011, due to its leading brands, the company has announced.

Costa has grown revenues by 25.2% and Premier Inn by 8.3%.  

Other trading highlights include; Premier Inn increased total room nights sold by 7.4% to 9.6 million, like for like revpar grew by 9.4% in London and 2% in the provinces and Restaurants delivered total covers growth of 2.6%.

Andy Harrison, chief executive of Whitbread commented on the findings: "As we said at the half year, trading month by month continues to be variable in a challenging consumer environment.  Within the total hotel market, industry data shows that revpar growth in London and the provinces has virtually disappeared, with the London market showing broadly flat revpar and the provinces a marginal decline over the last six weeks.  

"Nevertheless, Premier Inn continues to win share in both markets. Restaurants have responded positively to the actions we are taking to improve performance. Costa has continued its good growth both in terms of like for like sales and store numbers.

"In line with our growth programme, this year we will open 4,000 new rooms and 300 Costa stores, creating some 2,500 new UK jobs."

Related Articles:

• 10 Nov 2011 - Whitbread CEO backs donations to charity via payroll
• 16 May 2011 - Whitbread appoints Managing Director for Restaurants
• 23 Jun 2010 - Whitbread reports strong start to financial year
• 17 Jun 2010 - Whitbread announces eco-friendly waste disposal roll out
• 05 Mar 2010 - easyJet chief executive flies into new Whitbread role
• 07 Sep 2009 - Whitbread's total group sales rise by 2.4%
• 02 Sep 2009 - Whitbread achieves top grade for hospitality programme
• 20 Aug 2009 - Whitbread launches environment report
• 16 Jun 2009 - Whitbread sales in line with expectations
• 29 Apr 2009 - Whitbread remain positive after mixed performance
• 25 Mar 2009 - Whitbread launches Apprenticeship Programme
• 11 Mar 2009 - Whitbread embarks on skills for life training
• 08 Dec 2008 - Whitbread beating the credit crunch
• 10 Nov 2008 - Whitbread invests in Training Talent
• 22 Aug 2008 - Whitbread invests in Brewers Fayre Estate
• 17 Jun 2008 - Whitbread make a good start to the year
• 04 Jun 2008 - Whitbread introduces 100% organic children's range
• 15 May 2008 - Whitbread launches new restaurant concept
• 11 Mar 2008 - Whitbread announces new management team
• 19 Jun 2007 - Whitbread rebrands Premier Travel Inn

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