Hotel investments plunge to lowest level since 2012 as high costs bite January 8, 2024 Despite the slowdown, foreign investors continued to express interest in the market with 39 per cent of all deals involving overseas buyers, particularly in London
Premier Inn owner Whitbread launches another £300m share buyback as revenues soar October 18, 2023 Premier Inn owner Whitbread has announced plans to complete a new £300m share buy back scheme as it budget hotel business continues to rack in heft profits. The no frills hotel chain just completed an identical buy back at the start of October, but said it is in strong shape to launch a second consecutive [...]
Whitbread pockets £2.6bn revenue: Premier Inn owner’s shares soar five per cent despite ‘most challenging’ period April 25, 2023 Whitbread said its earnings returned to pre-pandemic levels with the Premier Inn owner’s bottom line boosted by Brits embracing more leisure and travel. Whitbread, which also owns restaurants Beefeater and Bar+Block, reported revenues of £2.6bn for the year to March 2023, up 54 per cent from £1.7bn the previous year. Whitbread (WTB) shares soared nearly [...]
Premier Inn owner Whitbread’s new CEO will join from Domino’s in January December 5, 2022 Premier Inn owner Whitbread has announced its new CEO Dominic Paul will join in January. Paul, who has been chief executive at Domino’s Pizza for almost three years, will join its Board on 17 January, taking over from outgoing chief executive Alison Brittain. It was announced in June he would be the next head of [...]
From Premier Inn to Premier League: Outgoing Whitbread boss Alison Brittain is new football chair July 26, 2022 The Premier League has announce its new chair as the outgoing CEO of Premier Inn-owner Whitbread, Alison Brittain. The businesswoman was voted for “unanimously” by the football organisation board’s nomination’s committee as the successor to outgoing chair Gary Hoffman. She will take over from interim leader, Peter McCormick, in early 2023. Brittain, who announced her [...]
High street moves: Whitbread boss Alison Brittain set to join Dunelm board July 21, 2022 Whitbread’s outgoing boss Alison Brittain is set to take on a non-executive director role at homeware brand Dunelm. Brittain will join the Dunelm board in early September, with it expected that she will succeed Andy Harrison as chair in September 2023. Brittain announced she was departing from the Premier Inn owner and FTSE-100 business earlier [...]
Premier Inn-owner Whitbread selects Domino’s Pizza chief to head up hospitality giant June 29, 2022 Premier Inn owner Whitbread has selected Domino’s Pizza boss Dominic Paul as its new chief executive. Paul will leave his role at Domino’s Pizza in December 2022, the pizza chain confirmed on Wednesday. He will step into the shoes of Alison Brittain, who has overseen the historic 280-year-old company over the past six years. Paul headed [...]
Sales fly for Premier Inn-owner Whitbread: Post-pandemic demand soars as tourists return June 15, 2022 The owner of hotel brand Premier Inn had soaring demand in the first quarter of 2021 indicating a resurgent tourism market in the UK and Germany post-pandemic restrictions. The historic 280-year-old company Whitbread registered a 235 per cent increase in accommodation sales from the last fiscal year. The Houghton Regis-based company, which also has interest [...]
Whitbread issues stark warning on sector cost inflation April 28, 2022 Premier Inns owner Whitbread has cautioned hospitality sector cost inflation will hit a higher level than anticipated. The hotel chain owner said cost inflation this financial year was anticipated to reach between eight and nine per cent, one per cent more than previously expected. The group said it anticipated to largely offset these higher levels [...]
Whitbread boss gives up £729k bonus after Premier Inn owner faces furlough criticism April 11, 2022 The outgoing chief of Premier Inn has relinquished a £729,000 bonus after a row over furlough cash. The Times reported that Whitbread’s chief executive Alison Brittain gave up the deferred bonus after the FTSE 100 firm was criticised for taking £370m in furlough cash and rates relief which it has not repaid. Brittain, the chief [...]