Profits fall at Premier Inn owner Whitbread on drop in UK bookings

<p>Shares rise on promises to return £2bn to investors through buybacks and dividends, and more hotel openings</p><p>Profits at the Premier Inn owner Whitbread have fallen after it was hit by higher costs and a drop in UK bookings, but shares rose on the promise of a share buyback and more hotel openings.</p><p>Britain’s largest hotel group, which owns 852 hotels in the UK and 61 in Germany, reported a 14% fall in adjusted pre-tax profit to £483m for the year to 27 February. Revenues dipped by 1% to £2.9bn, as revenue per available room in the UK was down by 2%.</p> <a href="https://www.theguardian.com/business/2025/may/01/profits-fall-at-premier-inn-owner-whitbread-amid-drop-in-uk-bookings">Continue reading...</a>