Whitbread shares booked a spot at the top of the FTSE 100’s leaderboard on Tuesday as the hotels group’s expansion into Germany builds momentum.
Growth in Germany helped offset weakness in the UK as the group’s expansion of hotel rooms in Germany was met by robust demand. UK accommodation like-for-like sales were down 2% in the first quarter while Germany steamed ahead with a 6% jump in sales.
– Advertisement –
German total sales growth was 15% and the UK was dead flat.
The group expects its German operation to break even this year as it progresses…