Brexit uncertainty hurts demand at Whitbread

Brexit uncertainty hurts demand at Whitbread
FILE PHOTO: A bed is seen at a Premier Inn hotel in Liverpool, Britain April 12, 2018. REUTERS/Darren Staples/ -
Copyright
Darren Staples(Reuters)
Text size Aa Aa

(Reuters) – Whitbread Plc said on Wednesday its first-quarter room revenue was hit by tough market competition and ongoing Brexit uncertainty, as the company tries to focus on its Premier Inn-brand after selling Costa Coffee to Coca-Cola Co last year.

Cautious about short-term market conditions, Whitbread said total like-for-like revenue per available room (RevPAR) in the UK fell 6% in the quarter.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Bernard Orr)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.