BusinessFood and DrinkRestaurants

Whitbread beats expectations but warns of ‘tight’ labour market

The announcement comes as Whitbread’s trading was ahead of expectations, with UK food and beverage sales surging 585.3% year-on-year

Whitbread has revealed that it expects to increase its total costs by £20m – £30m in FY23 due to targeted pay increases and the labour supply remaining “tight” across the hospitality sector.

The Premier Inn operator will also bring forward its investment in refurbishments and maintenance projects, as well as accelerate some additional IT spend in a bid to drive future earnings.

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