Premier Inn has scaled back on its expansion plans despite seeing 5.4% like-for-like growth in the third quarter up to 28 November.
The budget hotel chain now plans to open 3,500 rooms in the current financial year, 500 fewer than previously announced.
This is mainly due to the delay in opening a new central London property which will now open in 2014/15, although the company has still opened 22 hotels so far this year including two overseas.
Its pipeline into the new two years also remains strong at 10, 500 rooms including 4.500 in the next two years. One thousand of these rooms will be under its new hub by Premier Inn brand.
In a recent update from Premier Inn’s owners Whitbread, which has seen double digit growth across all its brands, Premier Inn saw sales increase 12.9% with the number of total room nights sold up 10% to 11.8 million.
Its London sales were up 16.3% while other regional sales grew 13.5%.
“Whitbread has delivered another strong quarter, with total sales up 13.8% and like for like sales up 4.3%, driven by the strength of Premier Inn and Costa and an improved performance from Restaurants. This keeps us on track to deliver full year results in line with expectations,” said Andy Harrison, chief executive of Whitbread.
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