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Whitbread Expected to Report Improved 2Q, Positive 2H Outlook -- Market Talk

Dow Jones Newswires ·  2021/10/21 09:22

1311 GMT - Budget hotel chain Premier Inn owner Whitbread is expected to report a much-improved 2Q performance and offer a positive outlook as it moves into the second half, Shore Capital says.Hotel industry data points to an improved U.K. market over the summer months, and the industry's well-publicized cost pressures remain manageable and will be more than compensated for by the pick up in trading, the U.K. brokerage says. "Demonstrating it can generate both suitable unit operating metrics and meaningfully expand the pipeline will be key to unlocking the potential value in the opportunity and a clear delta to the investment case," the broker says. Shore rates the stock buy. (anthony.orunagoriainoff@dowjones.com)

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