Whitbread is trouncing the opposition in the hotel business currently according to analysts at Peel Hunt.
Following a strong first quarter trading update from the Premier Inn owner, the broker is upgrading its full year forecast by 23% to £522mln.
Premier Inn continues to widen the quality gap with the struggling independent competitors, while even a tough worst-case shows Whitbread would report material profitability.
Peel Hunt has left its price target unchanged at 4,000p target price unchanged as it top ten performance in the FTSE100 this year partly anticipated the upgrades and concerns over the economic cycle are increasing.