Hotelier Whitbread hit by slow UK demand
Business travellers cut back on their trips as economic activity loses steam
19 June 2019 - 16:26
London — Britain’s Whitbread, focused on the hotel business after the sale of its Costa Coffee chain, reported lower room revenue over the past three months as companies cut back on business travel.
Whitbread’s coffee sale has left it more exposed to increased competition from budget hotel groups and Airbnb as subdued economic activity and political turmoil force Britons to rein in spending...
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