Jan 14, 2021

Whitbread sales halve as pandemic hits travel demand

Whitbread, the owner of Premier Inn hotels, said the coronavirus pandemic had caused its sales to more than halve as changing government restrictions and lockdowns knocked demand for travel. Overall accommodation sales dropped 55 per cent below last year's levels in the three months to November 26, which included strict government restrictions and a lockdown in England from November 5, the group said on Thursday. Occupancy levels reached a peak of 58 per cent for the quarter during September before tiered restrictions were introduced in England as well as a lockdown in Wales. During the English lockdown, occupancy fell to 35 per cent. Get alerts on Whitbread PLC when a new story is published.

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