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)

By Reuters

Published on 19/06/2019 - 08:34•Updated 20/04/2024 - 02:23

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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.