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Brexit uncertainty hurts demand at Whitbread

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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)
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(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)

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