RE: Re interim results13 Oct 2021 08:45
Todays update from Marstons - they operate a mainly suburban pub chain that also includes some budget accommodation - is encouraging, especially regarding Premier Inn locations outside City Centres.
"The 10 weeks since 25 July have seen overall sales continue to improve from the initial opening and are in line with our expectations. During this period, sales growth resumed with like for like sales achieving 102% vs 2019 levels. The Group's balanced estate, largely comprising community pubs nationwide with limited exposure to London and city centres, have supported this rapid return to above pre-pandemic levels. In addition, trading has been stronger in our premium pubs over the period. Accommodation sales have been excellent benefitting from the growth in staycation holidays."