Budget hotel chain Premier Inn – which operates across the UK, Ireland and Germany – has said it is continuing to make progress on its growth plans despite its latest results showing a challenging first quarter to its latest financial year.
The chain – owned by UK hospitality conglomerate Whitbread – said bookings and RevPAR (revenue per available room; a key growth metric for hotels), were both down 2%, year-on-year.
However, the group said it remains confident of achieving its five-year target of incremental profit of at least £300m by financial year 2030.
Whitbread/Premier Inn’s first quarter covers the three months from the beginning of March and the end of May, with its full financial year ending in February.
