Whitbread attractively geared to weak UK recession - JP Morgan
JP Morgan has placed the hospitality company on ‘positive catalyst watch’
Company
Whitbread PLC
LON:WTB
Whitbread PLC is the UK's largest hotel and restaurant company operating businesses in the budget hotels and restaurant sectors. Its brands include Premier Inn, Beefeater, Table Table, Brewers Fayre and Taybarns. Whitbread PLC employs over 33,000 people and serves 8.5 million customers every month in its 1500 outlets across the UK.
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Premier Inn owner Whitbread well positioned to increase long-term rooms, says Liberum
Liberum sees potential for material upgrades despite higher energy and other costs
Whitbread swings to profit in H1; sees FY costs rising £60mln
Regarding Premier Inn in the UK, despite macroeconomic uncertainty, market demand remained “robust” and momentum into the third quarter was in line with the year-to-date trend
Whitbread interim results on Tuesday open a window to UK consumer behaviour
"As a budget value and convenience option, if Premier Inn’s revenue per room is struggling then it gives a stark read across other areas of the discretionary economy," one analyst said
Whitbread splashes out on £200mln small-room hotel near Trafalgar Square
The company's 'hub' concept is designed to make money for the group even in major cities where property prices are high, thanks to its smaller room format
Whitbread shares are “materially undervalued”, says Peel Hunt
Whitbread is betting on growth in German hotel occupancy
Whitbread upbeat on interim performance as trading in key markets 'ahead of expectations'
Whitbread plans to add 38 new hotels in Germany where sales of accommodation experienced the biggest growth
Wednesday's agenda: All eyes on the Fed, Whitbread and WH Smith
Fed watching will be back in earnest tomorrow as the FOMC unveils its latest interest rate decision
Whitbread resumes dividend as it returns to profit but warns of cost inflation
The Premier Inn owner warned cost pressure in the hospitality sector is rising with cost inflation set to reach 8%-9% this financial year, 1% higher than previously anticipated
‘Plan B’ Covid restrictions to end next week but masks will remain
Worst of pandemic might be over for UK suggests WHO's head of Covid
Whitbread says UK growth slows on latest COVID-19 restrictions; sees rising prices in 2022
On a more upbeat note, it expects domestic trading to return to pre-pandemic levels in 2022
Whitbread well placed for FY23, says Peel Hunt as it repeats ‘buy’ rating
“We believe that the recovery will quickly re-establish itself from early in Whitbread’s new financial year,” the broker said
Whitbread is “not the worst hotel company in the world” - stockbroker
“Inbound tourism and high-end business travel may be disrupted by the Omicron variant for a while longer, but neither are core to Whitbread."
InterContinental Hotels double-upgraded as Jefferies says it is time to check back into the hotels sector
The portents are good for the hotel industry. Internationally, Jefferies likes IHG while domestically Whitbread looks well-poised to benefit from sector consolidation
Whitbread pays retention bonuses to keep staff as shortages bite
Revenue per room run rates have the potential to reach full recovery at some point during 2022
Whitbread eyes full recovery for UK operations with trading topping forecasts
Trading in the UK has benefitted from the absence of any COVID-19 restrictions but Germany has also been improving
Archive
FTSE 100 closes ahead as traders becalmed over coronavirus restriction fears
The UK blue-chip index in positive mood ahead of Wednesday's Budget, as US markets welcome consumer confidence boost
Restaurants, pubs and bars see sales bounce in September but London struggles
Rolling 12-month sales to the end of September were down by 10% as staff shortages, supply chain disruption and inflation continued to affect managed outlets all over the country
Whitbread at head of hotel sector recovery, says UBS
By re-fitting its estate through the recovery Whitbread can capitalise on weaker independents
Businesses offer vaccine incentives as pingdemic self-isolation ends
Asda, National Express, Uber and Deliveroo are among those offering discounts to boost vaccine uptakes