Those sky-high percentages might be on the way down, however, according to CEO Alison Brittain. Brittain was quick to quash any suggestion that this would mean a closer relationship with “generic” online travel agents. The company just wants a better way to target business travelers. “The reason we’re interested in that, is those are bookings we could not get any other way because that business traveler isn’t allowed to book direct.
They have to use those channels. So that is a new market opportunity for us and we will look at that and are indeed working on it,” she said. In recent years it has also expanded into the German market. It completed the sale last year of its Costa coffee business to Coca-Cola for $4.9 billion.
Trading Update European companies aren’t required to publish earnings on a quarterly basis. Some like Whitbread still choose to update the market but just give out a few select metrics. The key number for hotels is revenue per available room, which in Whitbread’s case fell 3.6 percent on a like-for like basis during its third quarter. ” Whitbread expects to deliver full-year results “in-line with expectations”.
Shares in the company were down more than 5 percent in the aftermath of the announcement.
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