Shares in Whitbread (WTB) rose 4 per cent in early trading after the company announced that sales in the first quarter were up 7.6 per cent, or 2.9 per cent on a like-for-like basis. Premier Inn was the best performer during the period with 4.7 per cent comparable sales growth and revenue per available room increasing to 4.1 per cent, as the budget hotel chain continues to gain market share.
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Expanding travel, drive through and Costa Express numbers helped Costa's like-for-like sales grow 8.7 per cent. The rest of the year looks good for the coffee chain with upcoming product launches, including cold brew coffee and summer cooler drinks.
