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Pin to quick picksWhitbread Share News (WTB)

Share Price Information for Whitbread (WTB)

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Share Price: 3,007.00
Bid: 3,013.00
Ask: 3,014.00
Change: 6.00 (0.20%)
Spread: 1.00 (0.033%)
Open: 3,020.00
High: 3,040.00
Low: 2,984.00
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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
25 Oct 2022 07:05

Whitbread H1 profits exceed pre-pandemic levels

(Sharecast News) - Premier Inn parent company Whitbread said on Tuesday that interim profits had exceed pre-pandemic levels, leaving the group "significantly ahead" of the wider UK market.

Read more
18 Oct 2022 15:58

UK earnings, trading statements calendar - next 7 days

Wednesday 19 October 
Antofagasta PLCQ3 Results
ASOS PLCFull Year Results
BHP Group Ltd Trading Statement
Hargreaves Lansdown PLCTrading Statement
Just Eat Takeaway.com NVTrading Statement
Liontrust Asset Management PLCTrading Statement
Man Group PLCTrading Statement
Moneysupermarket.com Group PLCTrading Statement
Network International Holdings PLCTrading Statement
Petropavlovsk PLCTrading Statement
Provident Financial PLCTrading Statement
Rathbones Group PLCQ3 Results
Spectris PLCQ3 Results
Quilter PLCTrading Statement
Thursday 20 October 
AJ Bell PLCTrading Statement
Bunzl PLCQ3 Results
Centamin PLCQ3 Results
Dechra Pharmaceuticals PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
International Personal Finance PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Luceco PLCTrading Statement
Nanoco Group PLCFull Year Results
National Express Group PLCTrading Statement
Relx PLCTrading Statement
RPS Group PLCTrading Statement
Schroder AsiaPacific Fund PLCQ3 Results
Schroder British Opportunities TrustTrading Statement
Schroders PLCTrading Statement
Segro PLCTrading Statement
SigmaRoc PLCTrading Statement
St James's Place PLCQ3 Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
XPS Pensions Group PLCTrading Statement
Friday 21 October 
Deliveroo PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Record PLCTrading Statement
SIG PLCTrading Statement
Wickes Group PLCTrading Statement
Monday 24 October 
Bioventix PLCFull Year Results
Dr Martens PLCHalf Year Results
Pearson PLCQ3 Results
Schroder BSC Social Impact Trust PLCFull Year Results
Tuesday 25 October 
HSBC Holdings PLCQ3 Results
Shoe Zone PLCTrading Statement
Softcat PLCFull Year Results
THG PLCTrading Statement
Tristel PLCFull Year Results
Whitbread PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
17 Oct 2022 12:39

CORRECT: LONDON BROKER RATINGS: Morgan Stanley cuts Lloyds

(Correcting to clarify that Morgan Stanley did not lift its Standard Chartered recommendation, only its price target for the stock.)

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17 Oct 2022 09:52

LONDON BROKER RATINGS: Morgan Stanley cuts Lloyds and lifts StanChart

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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LONDON BROKER RATINGS: Peel Hunt likes Petrofac; Deutsche cuts boohoo

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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Domino's names Non-Executive Elias Sese as interim CEO

(Alliance News) - Domino's Pizza Group PLC on Tuesday appointed its Non-Executive Director Elias Diaz Sese as interim chief executive officer.

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23 Sep 2022 08:41

LONDON MARKET OPEN: Stocks struggle and pound falls below USD1.12

(Alliance News) - European equities traded lower in early dealings on Friday, with markets wounded by a series of interest rate hikes across the globe as central banks bid to calm rampant inflation.

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15 Sep 2022 09:30

LONDON BROKER RATINGS: Credit Suisse cuts AstraZeneca and raises GSK

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Friday:

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13 Sep 2022 09:41

LONDON BROKER RATINGS: Whitbread on JPMorgan's positive catalyst watch

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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13 Sep 2022 08:57

LONDON MARKET OPEN: FTSE 100 hovers as Ocado and other grocers fall

(Alliance News) - Stocks in London were treading water early Tuesday ahead of a key US inflation reading in the afternoon.

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7 Sep 2022 09:47

LONDON BROKER RATINGS: UBS raises Admiral; Morgan Stanley cuts Astra

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday afternoon:

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26 Aug 2022 10:09

JPM downgrades IHG to 'neutral', reiterates 'overweight' on Whitbread

(Sharecast News) - JPMorgan Cazenove downgraded InterContinental Hotels Group on Friday but reiterated its 'overweight' rating on Premier Inn owner Whitbread as it took a look at EU hotels.

Read more
26 Aug 2022 09:34

LONDON BROKER RATINGS: JPMorgan downgrades IHG to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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24 Aug 2022 08:51

Premier Inn owner Whitbread buys property on London's Strand

(Alliance News) - Whitbread PLC on Wednesday said it has bought a freehold property on the Strand in central London, located just off Trafalgar Square.

Read more
24 Aug 2022 08:19

Whitbread buys freehold property on London's Strand

(Sharecast News) - Premier Inn owner Whitbread has bought a prime freehold property on the Strand in central London, located just off Trafalgar Square, for over £200m.

Read more

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