Whitbread's Premier Inn loss could Costa lot
Whitbread, the owner of Costa Coffee, is set to suffer a slowdown in revenue growth at its Premier Inn budget hotels this year, despite a leap in profit this week.
Simon French, an analyst at Panmure Gordon, has forecast a 1 per cent fall in Premier Inn's revenue per available room (revpar)– a key performance indicator for the hotel industry. He added that last week's sales update from rival Accor "suggested that Whitbread may be losing market share".
But, Whitbread is expected to post a 9 per cent rise in pre-tax profit to £314.2m for 2011-12, driven by a strong performance from both Premier Inn and Costa. Premier increased its like-for-like revpar by 2.2 per cent, while Costa has delivered more than 40 quarters of consecutive underlying sales growth.
Whitbread is expected to increase its full-year dividend by 11 per cent to 49.3p.
- 1 Woman accidentally shoots herself in the head while posing for a selfie
- 2 Art Garfunkel: Paul Simon is a 'monster' with a Napoleon complex
- 3 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 4 Female Muay Thai champion hustles coaches to give them a beating
Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
Woman accidentally shoots herself in the head while posing for a selfie
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...