Q3 2024 Whitbread PLC Trading Statement Call Transcript

Feb 15, 2024

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Jan 11, 2024 / 09:15AM GMT
Operator

Hello, everyone, and welcome to the Whitbread Third Quarter Trading Update Conference Call. My name is Bruno and I'll be operating your call today. (Operator Instructions) I will now hand over to your host and Chief Executive Officer, Dominic Paul. Please go ahead.

Dominic J. Paul - Whitbread plc - CEO & Director

Thank you, Bruno. Good morning, everybody. Thank you very much for joining the call for our quarter 3 trading update. I'm pleased to be joined by Hemant Patel, our Group CFO. Hopefully, you've had a chance to review the Q3 release this morning. I'll start by giving a brief overview for those who haven't seen it before opening up the call for Q&A, when Hemant and I will be happy to take your questions.

During the third quarter, which ran to 30th of November 2023, we continue to trade well in the U.K. and have delivered another strong performance with RevPAR up 9% versus last year and 39% ahead of full year 2020. This has come by high occupancy levels and strong pricing across both London and Norwegians. We maintained our outperformance

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