Marston’s PLC (LSE:MARS), the pub and hotel operator, will be hoping a recent revival in London hospitality and a series of better-than-expected trading updates from peers can feed through into a positive trading update for the group on Wednesday 11 October.
Companies like The Restaurant Group PLC (LSE:RTN), Hostelworld (LSE:HSW), Mitchells & Butlers PLC (LSE:MAB), On the Beach Group (LSE:OTB) and SSP Group plc (LSE:SSPG) have all released resilient trading updates, in which the companies reiterated guidance and experienced small revenue bumps.
Inflationary headwinds will certainly crop up in the update, with nearly the whole industry having experienced sky-high utility bills, increasing wages and soaring food prices.
Foodservice inflation slowed for the third consecutive month in September, but the figure still sits at 20% and deflation is not expected to occur until early 2025, analysis from hospitality data firm CGA revealed.
Shares in the hospitality firm have stumbled in 2023, losing over a quarter of its value and still down over 72% compared to its price prior to the pandemic.
Opening at around 27.5p on Thursday, shares in Marston’s are trading over 2% higher.