Premier Inn and Costa drive Whitbread profits

19 October 2010 by
Premier Inn and Costa drive Whitbread profits

Premier Inn and Costa Coffee have helped drive up Whitbread's profits for the first half of the year to 2 September 2010.

Underlying pre-tax profits rose 28.4% to £151.8m, up from £118.2m in the same period the year before.

Meanwhile total revenue rose 14.5% to £805.4m, up from £703.3m.

Premier Inn's occupancy grew by 9.2 percentage points to 79.3%, with revpar up 9.4$.

And Costa's operating profits soared again by 55.6% as like-for-like sales increased for the 34th consecutive quarter.

The company's restaurants, under the Beefeater, Brewers Fayre, Table Table and Taybarns brands, saw a 7% increase in customers. Many of the restaurants are sited in the same location as Premier Inn hotels and benefited from an increase in occupancy.

The results are the last for chief executive Alan Parker before Andy Harrison takes over the post in November.

Chairman Anthony Habgood said: "Alan has made an invaluable contribution to the growth and development of Whitbread during his time as chief executive. Under his leadership Whitbread has grown to become the UK's leading hospitality company and is in good health, with strong prospects for the future."

Whitbread eyes expansion as it leaves recession behind >>

Whitbread reports like-for-like sales up 7.9% >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking