Premier Inn-owner Whitbread selects Domino’s Pizza chief to head up hospitality giant June 29, 2022 Premier Inn owner Whitbread has selected Domino’s Pizza boss Dominic Paul as its new chief executive. Paul will leave his role at Domino’s Pizza in December 2022, the pizza chain confirmed on Wednesday. He will step into the shoes of Alison Brittain, who has overseen the historic 280-year-old company over the past six years. Paul headed [...]
Sales fly for Premier Inn-owner Whitbread: Post-pandemic demand soars as tourists return June 15, 2022 The owner of hotel brand Premier Inn had soaring demand in the first quarter of 2021 indicating a resurgent tourism market in the UK and Germany post-pandemic restrictions. The historic 280-year-old company Whitbread registered a 235 per cent increase in accommodation sales from the last fiscal year. The Houghton Regis-based company, which also has interest [...]
London developer swaps hotel plans for student housing in £173m forward fund May 23, 2022 London developer Dominvs has completed the country’s largest forward fund in the purpose built student accommodation sector for £173m, with Scape. Comprising 713-beds, the scheme will be one of the capital’s largest student accommodation developments, Dominvs exclusively told CityA.M. The university housing deal came after Dominvs had secured consent for two hotels on the Hammersmith [...]
Whitbread issues stark warning on sector cost inflation April 28, 2022 Premier Inns owner Whitbread has cautioned hospitality sector cost inflation will hit a higher level than anticipated. The hotel chain owner said cost inflation this financial year was anticipated to reach between eight and nine per cent, one per cent more than previously expected. The group said it anticipated to largely offset these higher levels [...]
Not all fluff: UK’s largest laundry service snaps up rival April 25, 2022 The UK’s largest on-demand laundry and dry-cleaning service Laundryheap has snapped up its rival to become a clothes-cleaning-behemoth.Laundryheap, founded in 2014, has bought Laundrapp from Inc Retail for an undisclosed sum. The London-based company, which partners with Holiday Inn, Premier Inn, Best Western and Just Eat, operates in 10 markets outside of the UK, including [...]
Whitbread boss gives up £729k bonus after Premier Inn owner faces furlough criticism April 11, 2022 The outgoing chief of Premier Inn has relinquished a £729,000 bonus after a row over furlough cash. The Times reported that Whitbread’s chief executive Alison Brittain gave up the deferred bonus after the FTSE 100 firm was criticised for taking £370m in furlough cash and rates relief which it has not repaid. Brittain, the chief [...]
Whitbread searching for new CEO as Alison Brittain plans to step aside April 3, 2022 The hospitality powerhouse behind Premier Inn is hunting for a chief executive to replace Alison Brittain. Brittain is readying to step aside from her role heading Whitbread, following seven years in the top job, according to The Sunday Times. Headhunters at Spencer Stuart have been hired by Whitbread to find a suitable replacement for Brittain. [...]
London markets boosted by financials rally February 9, 2022 London markets soared yesterday to a two-year high driven by a rally among travel stocks after the UK government signalled it intends to scrap remaining Covid-19 rules soon. The capital’s premier FTSE 100 index rose 1.01 per cent to 7,643.42 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of [...]
UK’s worst hotel chains are… Britannia and Mercure February 1, 2022 Poorly rated for cleanliness, bathrooms and value for money, Britannia and Mercure have been ranked the UK’s worst hotel chains. It is the ninth consecutive year that Britannia has come bottom of the pile in the annual survey by consumer group Which?. The chain has 61 hotels across Britain, including Liverpool’s Adelphi Hotel and Scarborough’s [...]
London markets fly out of the blocks as travel stocks surge January 26, 2022 London markets flew higher yesterday driven higher by travel and leisure soaring on booking volumes climbing. The capital’s premier FTSE 100 index closed 1.33 per cent higher at 7,469.78 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, climbed 1.05 per cent to finish at 21,873.08 [...]