With no signs of improvement, Whitbread continues to cut costs

09/8/2009 | Times (London) (subscription required), The

Alan Parker, head of U.K. hotel giant Whitbread, says the chain is continuing to rein in its capital expenditure and cut costs as the recession fails to show him any "substantive signs of improvement." The company's Premier Inn was said to be outperforming its competition after cutting rates for the summer, with revenue per available room declining by 9.4%, compared with a broader market decline of 11% to 12%.

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