• Tough quarter for Whitbread

Like for like UK accommodation sales slipped 2.1% in the third quarter at Whitbread. Revpar was down 3.6%, though food and beverage sales grew 1.9%.

In Germany, the coming year will see 20 hotels open, with losses there expected to reduce. The business has seen weaker business demand in the UK regions, and faces headwinds in the UK including rising wage costs.

Read the full story here:

https://www.whitbread.co.uk/~/media/Files/W/Whitbread/report-and%20presentations/2020/q3-fy20-trading-update.pdf

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