Skip navigation

Gloucestershire Business News

Sales fall at Premier Inn

Sales at Premier Inn hotels open for at least a year fell 4.6 per cent in the first three months of 2019.

Whitbread, the chain's owner, has blamed weak trading conditions for the fall in demand for its rooms, as reported by the BBC.

The company, which has hotels in Tewkesbury, Stroud and Cirencester, as well as several in both Gloucester and Cheltenham, blamed political and uncertainty causing a knock-on effect for the regional business market. Half of Premier Inn's bookings come from business travellers.

But it said it was making good progress with its efficiency programme, which is helping to offset high industry cost inflation.

Whitbread shares were down one per cent today. Premier Inn is Whitbread's biggest brand, with more than 785 hotels and 72,000 rooms. The company also owns three restaurant chains, which all have branches in the county - Beefeater, Brewers Fayre and Table Table.

Premier Inn's occupancy rates currently stand at 74.8%.

Punchline said: "If Britain's biggest budget hotel chain is feeling the pinch, this will have a knock-on effect across the industry. Hotel brands could be facing some tough decisions in the months and years ahead."

Related Articles

'I have huge shoes to fill' says new leader of Gloucester City Council Image

'I have huge shoes to fill' says new leader of Gloucester City Council

The ruling Conservative Group have chosen the councillor they want to replace Paul James as the leader of Gloucester City Council

Cheltenham Racecourse's new director is by Royal appointment Image

Cheltenham Racecourse's new director is by Royal appointment

Cheltenham Racecourse have made a right Royal appointment, confirming that a Gloucestershire resident has become a director.

The Coast is clear for a new art gallery to open in abandoned Promenade shop Image

The Coast is clear for a new art gallery to open in abandoned Promenade shop

Plans have been lodged to transform a shop front in a Grade II-Listed Cheltenham building on one of the town’s most prestigious shopping streets.

Stroud engineering firm earns roles in Hollywood blockbuster movies Image

Stroud engineering firm earns roles in Hollywood blockbuster movies

An engineering firm from Stroud has become something of a star of the silver screen with parts in a series of Hollywood Blockbuster movies.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.