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Whitbread

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Whitbread's costs to rise by up to £30m as it hikes staff pay

15 June 2022 by

Premier Inn owner Whitbread has revealed that it plans to spend millions of pounds on pay rises and site refurbishments this year amid ongoing labour shortages in the hospitality sector.

News

Premier Inn owner warns cost inflation likely to exceed previous expectations

28 April 2022 by

Premier Inn owner Whitbread has warned cost inflation is expected to exceed previous expectations reaching 8-9% in the next year.

Premier Inn to offset inflation through higher room rate News

Premier Inn to offset inflation through higher room rate

13 January 2022 by
Premier Inn owner looks to 2022 recovery as losses narrow News

Premier Inn owner looks to 2022 recovery as losses narrow

26 October 2021 by
Pandemic sees Premier Inn owner plunged into a loss News

Pandemic sees Premier Inn owner plunged into a loss

27 April 2021 by
Hospitality groups see share surge following roadmap announcement News

Hospitality groups see share surge following roadmap announcement

24 February 2021 by

Whitbread undergoes debt refinancing News

Whitbread undergoes debt refinancing

04 February 2021 by

Premier Inn owner Whitbread has announced the successful pricing of two green bonds, the extension of[...]

Whitbread to open Premier Inn, Hub and Bar + Block in Paddington News

Whitbread to open Premier Inn, Hub and Bar + Block in Paddington

03 February 2021 by

Whitbread has taken the lease to open a 366-bedroom hotel and restaurant as part of a[...]

Whitbread reports market share gains despite challenging conditions News

Whitbread reports market share gains despite challenging conditions

14 January 2021 by

Premier Inn owner Whitbread has reported its total UK accommodation sales were down 55.2% with occupancy[...]

Whitbread seeks 50% reduction in December quarter’s rent from landlords News

Whitbread seeks 50% reduction in December quarter’s rent from landlords

22 December 2020 by

Premier Inn owner Whitbread has written to around 200 of its landlords seeking a 50% reduction[...]

News

Whitbread snaps up two Travelodge hotels

Premier Inn owner Whitbread has exchanged contracts to convert two Travelodge hotels into Premier Inns."

16 November 2020 by
Whitbread says number of redundancies expected to be ‘significantly less’ than 6,000 News

Whitbread says number of redundancies expected to be ‘significantly less’ than 6,000

12 November 2020
by

Premier Inn owner Whitbread has said the number of redundancies across the business is expected to be “significantly less” than the 6,000 originally anticipated.

Boost to hotel company share prices on news of possible Covid vaccine News

Boost to hotel company share prices on news of possible Covid vaccine

09 November 2020
by

Hotel companies were among a plethora of businesses worldwide which celebrated the news of a breakthrough in a vaccine for Covid-19 with a boost to today’s share prices.

Premier Inn owner Whitbread drops to £724.7m loss News

Premier Inn owner Whitbread drops to £724.7m loss

27 October 2020 by

Premier Inn owner Whitbread has dropped from a £219.9m pre-tax profit in its 2020 financial year[...]

Premier Inn owner Whitbread to cut 6,000 jobs following sales decline News

Premier Inn owner Whitbread to cut 6,000 jobs following sales decline

22 September 2020 by

Premier Inn operator Whitbread will cut up to 6,000 jobs after reporting a year-on-year decrease in[...]

Whitbread successfully completes £1b rights issue News

Whitbread successfully completes £1b rights issue

10 June 2020 by

Premier Inn owner Whitbread announced earlier today that it has successfully completed a £1b rights issue[...]

Whitbread gets green light to rebuild fire-damaged Premier Inn News

Whitbread gets green light to rebuild fire-damaged Premier Inn

26 May 2020 by

Premier Inn owner Whitbread has been granted planning permission to rebuild a hotel and restaurant in[...]

News

Whitbread seeks to raise £1b through rights issue

Premier Inn owner Whitbread has announced its intention to raise £1b through a rights issue to ensure it emerges from the Covid-19 pandemic “with a strong balance sheet and in the best position possible”."

21 May 2020 by
Whitbread keeps employees on full pay until government support kicks in News

Whitbread keeps employees on full pay until government support kicks in

24 March 2020
by

Whitbread has said all its employees remain on full pay before “a significant number” are placed on temporary furlough, during which time the government’s recently announced support package should cover up to 80% of their salaries.

Whitbread reports good F&B but marginally declining accommodation sales News

Whitbread reports good F&B but marginally declining accommodation sales

16 January 2020
by

Premier Inn parent company Whitbread has reported a “solid” third-quarter performance, with total sales growth of 1%, but is taking a "cautious approach" to hotel demand.

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