Whitbread has reported total sales growth of 10.4% and like-for-like growth of 3.2% for the year ending 3 March 2016.
Total sales for Premier Inn for the 50 weeks grew by 11.1%, like-for-like sales by 4.4%, total revpar by 3.6% and the number of rooms available by 7.6%. Total occupancy was at 81.1% and room nights sold increased by 7.4% to 17m.
Costa’s worldwide sales increased by 14.2% and like-for-like UK sales by 3%. It opened 79 new stores during the period.
The group intends to open 5,500 new UK Premier Inn rooms this year, including around 1,500 rooms from extensions.
Whitbread also intends to open around 200 new Costa stores around the world and install around 950 Costa Express machines this year.
This year it plans a £15m P&L investment, and intends to keep its £700m capital investment the same.
Alison Brittain, chief executive of Whitbread, said: “Whitbread has had another good trading period. We expect to report full-year profit in line with expectations.
“In the year ahead, as we build towards our growth milestones, we will continue to invest in improving our customer propositions, our digital and IT capabilities and in our winning teams to ensure we maintain our market-leading positions. This will deliver long-term profitable growth and sustainable returns for our shareholders.”
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