Whitbread's Strategic Overhaul Aims for £2 Billion Shareholder Return

The Premier Inn owner plans to expand its hotel room offerings and cut costs amid declining profits and anticipated tax increases.

Whitbread plans to return over £2 billion to shareholders and increase profits by at least £300 million by 2030.
The company is converting 112 restaurants into hotel rooms and selling 126 others to boost its room count in the UK and Germany.
Despite a 22% drop in pre-tax profits to £309 million, Whitbread reported a recent uptick in bookings for October and November.
Cost-cutting measures, including job cuts and restaurant closures, are expected to save £50 million annually over the next five years.
Whitbread's strategy includes expanding its presence in Germany, aiming to become the leading hotel brand in the fragmented market.