Whitbread's Premier Inn Recovery Tracks Ahead of Expectations But Concerns Remain -- Market Talk
Whitbread's Premier Inn Recovery Tracks Ahead of Expectations But Concerns Remain -- Market Talk
1004 GMT - The recovery of Whitbread's Premier Inn UK business is ahead of expectations as leisure-driven demand pushed August and September's total accommodation sales around 10% ahead of fiscal 2020, Liberum says. Although management now sees a potential for U.K. like-for-like revenue-per-available-room recovery in 2022, as opposed to its previous 2023 view, analysts at Liberum say they remain wary given subdued business demand and growing cost pressures. "Recovery is progressing well; however, we retain some concern about permanent changes towards business travel and uncertain recovery of inbound international travel, which will continue to hinder the recovery ahead," the U.K. brokerage says. Liberum rates the stock hold, and has a 3,400 pence target price. Shares are up 0.1% at 3,297 pence. (anthony.orunagoriainoff@dowjones.com)
1004GMT-Liberum表示，惠特布莱德的Premier Inn UK业务的复苏超出了预期，因为休闲驱动的需求推动8月和9月的总住宿销售在2020财年之前增长了约10%。尽管管理层现在认为英国每间可用房间的同比收入在2022年有复苏的潜力，而不是之前的2023年观点，但Liberum的分析师表示，考虑到商业需求疲软和不断增长的成本压力，他们仍然持谨慎态度。这家英国经纪公司表示：“复苏进展良好；然而，我们对商务旅行的永久性变化以及入境国际旅行的不确定复苏仍有一些担忧，这将继续阻碍未来的复苏。”Liberum对所持股票进行了评级，目标价为3400便士。股价上涨0.1%，至3297便士。(anthony.orunagoriainoff@dowjones.com)