Premier Inn to cut 3,800 jobs
Premier Inn to cut 3,800 jobs and reduce investment in new five-year plan
Whitbread, the parent company of the Premier Inn hotel chain, has said it will cut 3,800 jobs across the UK as part of a new five-year plan.
The plan would also see a more than £1bn reduction in net capital investment and the recycling of £1.5bn of property to fund future growth.
It comes as the chain continues to replace its remaining 197 branded restaurants with its own integrated food and beverage offering, which is expected to reduce profits.
Whitbread posted revenues of £2.9bn for the 12 months ended 26 February 2025 – much the same as the year prior – while adjusted EBITDAR inched up 4 per cent to £1.07bn, spurred by a slight rise in accommodation sales.
Dominic Paul, chief executive of Whitbread, said: “In light of significant cost increases in the form of business rates and National Insurance, as well as the implied market discount to our inherent value, we’ve looked hard at the options open to us to maximise value creation over the medium and long-term.
