whitbread
UK’s Premier Inn Owner Whitbread Enjoys Bookings Boost After Lower Profits
Premier Inn | October 17, 2024
By Shanima A (Reuters) -Bookings at British hotel group Whitbread are picking up for the holiday season, the company said on Wednesday, after reporting a fall in first-half profit. Whitbread shares rose more than 4% in early trade after the group, which also owns restaurant and pub chains such as Beefeater and Bar+Block Steakhouse, raised its interim dividend and announced a share buyback programme worth 100 million pounds ($129.95 million). "After a slightly softer start in September we've seen trading pick back up and we're outperforming the market," CEO Dominic Paul told Reuters. UK revenue per available room (RevPAR) - an important me...
Whitbread Launches New No Frills Brand, ZIP by Premier Inn
Whitbread PLC | October 22, 2018
Whitbread PLC, the UK's largest hospitality group today unveils ZIP by Premier Inn, a new no-frills hotel concept. The first ZIP by Premier Inn hotel will open with 138 rooms in the Roath district of Cardiff in early 2019. Whitbread conducted extensive research that revealed guests were willing to forego traditional expectations – such as large rooms and super-central locations - in favour of a lower price. ZIP by Premier Inn hotels will be located on the outskirts of major towns and cities and will feature small, modern rooms with prices from £19, representing excellent value for money. The rooms are billed as 'basics done ...
