Dow Jones Newswires: Whitbread sales rise and says German growth on target

Whitbread PLC said Thursday that total sales for the third quarter of fiscal 2020 rose 1% and that it continues to extend the total committed pipeline in Germany.

The owner of the budget Premier Inn hotel chain WTB, +1.21%  said that U.K. sales from its accommodation business rose 0.3% on a like-for-like basis in the 13-week period ended Nov. 29 and that total sales grew by 1% despite challenging market conditions in the U.K.

Whitbread said that weak business and leisure confidence continued in the U.K., but added that it was partially offset by the strength of the central London market, where it said it outperformed.

The FTSE 100-listed hotel-and-restaurant company also said that its growth in Germany remains firmly on target and that its pipeline of hotels has extended to almost 50.

Whitbread said that its pipeline of rooms now stands at around 8,500 rooms across 48 hotels, with occupancy levels of 80.8%. It will be opening 20 hotels through 2020, it said.

The company added that it expects to deliver full-year results in line with views.

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