Whitbread UK sales rise slightly; Holds FY guidance

(Sharecast News) - Premier Inn owner Whitbread held full year guidance and said UK accommodation sales in the Christmas/New Year period were up 2%, while hotels in Germany also performed strongly. In a third quarter trading update, Whitbread said total group sales fell 2% to £763m. Trading improved during the quarter resulting in total accommodation sales broadly in line with last year, while total revenue per available room (RevPAR) - a key industry metric - was down 3%.

In Germany, total accommodation sales rose by 37%, with RevPAR up 28%.

Reporting by Frank Prenesti for Sharecast.com