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Q3 2021 Whitbread PLC Trading Statement Call Transcript
Ladies and gentlemen, welcome to the Whitbread PLC Q3 Trading Update Call. (Operator Instructions)
I will now hand over to your host, Alison Brittain, CEO of Whitbread, to begin. Alison, please go ahead.
Good morning, everyone, and welcome to Whitbread's quarter 3 trading update. I'm Alison Brittain, Chief Executive; and I'm joined here by Nicholas Cadbury, our Finance Director. I hope you've had the chance to read through the Q3 trading statement that was released at 7 a.m. this morning. But nonetheless, I'll take a few minutes to talk through the highlights, and then we'll go straight into Q&A.
So let's start first with our third quarter results, that was for the quarter ending the end of November. And as you know, we're operating in a very challenging environment. And as a result, our U.K. accommodation sales were down 55.2% and occupancy was at 49.3%. However, we are relatively well placed with the benefit of a strong brand, direct distribution and a unique operating
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