Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWhitbread Share News (WTB)

Share Price Information for Whitbread (WTB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,912.00
Bid: 2,913.00
Ask: 2,914.00
Change: -25.00 (-0.85%)
Spread: 1.00 (0.034%)
Open: 2,932.00
High: 2,952.00
Low: 2,905.00
Prev. Close: 2,937.00
WTB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Whitbread looks ahead to post-lockdown bounce in UK leisure demand

Thu, 17th Jun 2021 08:07

* Hotel chain benefits from staycations

* 98% of more than 800 Premier Inn hotels open

* Opens 10 new hotels in the UK

* Shares top of UK's blue-chip index leader board
(adds details of new reopenings, shares, background)

By Vishwadha Chander

June 17 (Reuters) - Premier Inn-owner Whitbread said
hotel bookings in its tourist locations picked up in the run-up
to the summer season, lifting its shares even as Britain delayed
plans to ease pandemic restrictions.

The Dunstable-based company said it traded "significantly
ahead of the market", though total sales still fell 69.8% in the
13 weeks ended May 27 from pre-COVID-19 levels.

The shares rose 4% by 0739 GMT to be the best performers on
the FTSE 100 index.

"Our forward bookings continue to improve, benefiting from
the anticipated post-lockdown bounce in leisure demand, and a
continued gradual improvement in business bookings," Chief
Executive Officer Alison Britain said.

The rate of decline slowed in the period from May 17 to June
14, when overnight leisure stays were allowed, with total UK
accommodation sales during those weeks down just 27% from
pre-pandemic levels.

The travel and leisure sector is showing signs of recovery
as Britons have started booking domestic trips for the summer
holiday season rather than foreign trips

By May 17, the company said 98% of its more than 800 Premier
Inn hotels were open.

"A lack of air travel will push Britons to staycation at
coastal towns in the UK, where roughly 15% of the group’s hotels
are scattered," Hargreaves Lansdown analyst Laura Hoy said.

But with Britain now pushing back its plans to lift most
social restrictions to July 19, Whitbread said a full recovery
of leisure demand depended on the removal of remaining lockdown
measures.

The company opened 10 new hotels in the UK during the
quarter. There are signs of recovery in Germany, too, where 19
of Whitbread's 30 hotels had opened.
(Reporting by Vishwadha Chander and Muvija M in Bengaluru;
Editing by Subhranshu Sahu and Elaine Hardcastle)

More News
19 Jul 2021 09:49

BROKER RATINGS: RBC upgrades Fresnillo; JPMorgan raises Travis Perkins

BROKER RATINGS: RBC upgrades Fresnillo; JPMorgan raises Travis Perkins

Read more
16 Jul 2021 09:33

UPDATE 2-Basic material, luxury stocks drive European shares to a third day of losses

* UK travel shares surge ahead of complete re-opening* Luxury stocks slip after mixed results* Ericsson slides as earnings hit by China (Updates to close)By Sruthi Shankar and Susan MathewJuly 16 (Reuters) - European stocks fell on Friday as a slid...

Read more
16 Jul 2021 08:50

Peel Hunt ups Whitbread to 'buy', says shares oversold

(Sharecast News) - Peel Hunt upgraded its stance on shares of Premier Inn owner Whitbread on Friday as it said the stock has been oversold on reopening fears.

Read more
15 Jul 2021 08:16

Deutsche upgrades InterContinental Hotels, says it's 'a relative safe haven'

(Sharecast News) - Deutsche Bank upgraded its recommendation on InterContinental Hotels on Thursday to 'buy' from 'hold' and hiked the price target to 5,600p from 5,175p as it said the stock was "a relative safe haven" in the sector.

Read more
28 Jun 2021 11:30

Travel stocks tumble as Merkel pushes for EU-wide quarantine

(Sharecast News) - Travel stocks came under intense pressure on Monday as Germany pushed the European Union to designate the UK a "country of concern" and introduce strict quarantine measures for British travellers.

Read more
25 Jun 2021 19:40

DIRECTOR DEALINGS: Phoenix Group and Whitbread non-execs buy shares

DIRECTOR DEALINGS: Phoenix Group and Whitbread non-execs buy shares

Read more
25 Jun 2021 16:25

Director dealings: Whitbread director ups stake

(Sharecast News) - Whitbread revealed on Friday that non-executive director David Atkins had acquired 1,000 ordinary shares in the FTSE 100-listed hotel operator.

Read more
17 Jun 2021 20:25

IN BRIEF: Whitbread shareholders show dissent on remuneration

IN BRIEF: Whitbread shareholders show dissent on remuneration

Read more
17 Jun 2021 17:01

LONDON MARKET CLOSE: London's miners suffer as dollar strides ahead

LONDON MARKET CLOSE: London's miners suffer as dollar strides ahead

Read more
17 Jun 2021 13:49

Thursday broker round-up

(Sharecast News) - Pets At Home: Liberum upgrades to buy with a target price of 510p.

Read more
17 Jun 2021 12:11

LONDON MARKET MIDDAY: Stocks lower as US Fed signals 2023 rate hike

LONDON MARKET MIDDAY: Stocks lower as US Fed signals 2023 rate hike

Read more
17 Jun 2021 09:54

LIVE MARKETS-No rate hike in 2023 if...

* European Stoxx 600 down 0.5%* Bank stock index jumps after Hawkish Fed, up 2.1%* Insurers up 0.8%* Wall Street futures in the redJune 17 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share you...

Read more
17 Jun 2021 09:20

UPDATE 2-Miners drag FTSE 100 from 16-month highs

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Whitbread tops FTSE 100 after signs of demand pick-up* Trainline surges after higher group net ticket sales* FTSE 100 down 0.4%, FTSE 250 o...

Read more
17 Jun 2021 09:04

LONDON MARKET OPEN: Whitbread upbeat; Dr Martens on back foot

LONDON MARKET OPEN: Whitbread upbeat; Dr Martens on back foot

Read more
17 Jun 2021 08:58

TOP NEWS: Whitbread expects "post-lockdown bounce" as lobbies reopen

TOP NEWS: Whitbread expects "post-lockdown bounce" as lobbies reopen

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.