UK's Whitbread Q1 group sales rise 2% on hotel growth

Whitbread

18/06/2026 07:08

Overview
UK hotel operator's Q1 group sales rose 2% yr/yr, driven by Premier Inn UK and Germany
Premier Inn UK accommodation sales up 3%, Germany up 16% in GBP, food and beverage sales fell
Company says strong leisure bookings and outperformance versus midscale and economy market

Outlook
Company says forward bookings in UK and Germany are ahead of last year
Whitbread expects to continue outperforming the midscale and economy market in the UK
Company expects further RevPAR growth in Germany, supported by commercial initiatives

Result Drivers
UK ACCOMMODATION GROWTH - Co said brand strength and commercial programme drove UK accommodation sales and RevPAR ahead of the wider market
GERMANY EXPANSION - Co said estate growth and commercial initiatives led to double-digit accommodation sales growth in Germany
F&B SALES DECLINE - Co said UK food and beverage sales fell due to transition away from branded restaurants as part of growth plan

Company press release: ID:nRSR7353Ia

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
GBP 727 mln
 
Q1 Like-For-Like Sales Growth
 
2.00%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy."
Wall Street's median 12-month price target for Whitbread PLC is GBp2,565.00, about 7.1% above its June 17 closing price of GBp2,396.00
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)