Premier Inn has said it remains positive about its full-year performance after seeing a strong performance in its first quarter.
The budget hotel chain – which is owned by the Whitbread conglomerate – operates across the UK, Ireland and Germany.
For its first quarter – the three months to the start of June – Premier Inn posted a 15% year-on-year increase in total sales growth.
“The structural reduction in hotel supply, coupled with strong consumer demand, is highlighting the strengths of our differentiated business model, as evidenced by our continued strong performance. Our forward booked position into Q2 underpins our confidence in being able to deliver a strong first half result,” said CEO Dominic Paul, in remarks mainly about the UK market.
“Our business is in great shape and trading well,” he said.
Premier Inn opened 348 new rooms across the UK and Ireland during the quarter and remains on course to open a total of 1,500-2,000 new rooms in FY24, most of which will open in the second half of the year.
