Whitbread : A more resilient quarter than anticipated but the context remains challenging
>A more resilient quarter than anticipated - This morning, Whitbread reported its trading update for Q3 to end-November. Organic growth group-wide was down 55% over the quarter, and RevPAR lost 56%, with these figures better than the consensus forecast of -64%. As such, the decline in organic growth remains far smaller than that observed in Q2 (i.e. -76%) and reflects the improvement in the health context in September and the first two weeks of October. The occupancy ...Whitbread is a hospitality company. Co. serves its customers in the U.K. and beyond through its two businesses: Premier Inn and Restaurants; and Costa. Premier Inn is a hotel business, with over 760 hotels and more than 68,000 rooms as of Mar 2 2017. Co.'s hotel are located alongside its own restaurant brands. Co. also have hotels in the Middle East, and Germany, with more hotels in the pipeline. Costa is the coffee shop, with over 2,200 coffee shops in the U.K., over 1,300 stores in 29 international markets and over 6,800 Costa Express self-serve units as of Mar 2 2017.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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