Premier Inn's parent company Whitbread recorded a 1 per cent increase in group total sales for the first quarter of FY25.
Sales for the period hit £739 million, marking a 55 per cent increase from FY20.
For its UK business, total revpar was 2 per cent below last year but 38 per cent higher than FY20 levels. Whitbread noted it outperformed the midscale and economy segment with a revpar premium of £5.62. Meanwhile F&B sales were lagging 1 percent behind the prior year.
Premier Inn's German operations delivered a 15 per cent increase in total accommodation sales, with revpar for the entire estate rising to €57. This was fueled by the growing maturity of its estate and continuous room growth.
Separately, the company has successfully executed £96 million worth of its planned £150 million share buy-back, acquiring 3.2 million shares.
What they said
Dominic Paul, CEO of Whitbread said: “Our UK trading results strengthened during the quarter and we continued to grow accommodation sales ahead of the market. Whilst the normal booking pattern means our forward visibility remains limited, our forward booked position is positive and we remain confident in the full year outlook. This reflects a more encouraging trading performance in the UK, our strong commercial programme and increased cost efficiencies as well as good progress in Germany. Our Accelerating Growth Plan to optimise F&B at a number of sites and add 3,500 rooms to our UK pipeline is on track and will increase our momentum to deliver long-term profitable growth.”