Tuesday, June 22, 2010

Budget hotels and coffee chain boost Whitbread sales

Alan Parker, the outgoing chief executive of Whitbread, today told shareholders the group's focus on budget hotels and "affordable treats" at high street coffee shops was continuing to power industry-beating sales performance.

After six years at the helm of the company behind Premier Inn and Costa Coffee, Parker is departing on a high, telling shareholders gathered at the QEII Conference Centre in Westminster that sales were continuing to rebound ahead of peers.

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