Strong start to the year in the UK; continued progress in Germany

Throughout this release percentage growth comparisons are comparing Q1 FY27 performance for the 13 weeks to 28 May 2026 to the same period in FY26, unless stated otherwise.

Comment from Dominic Paul, Whitbread Chief Executive:

"We delivered a strong and improved performance in the first quarter. In the UK, driven by the strength of our brand and commercial programme, total accommodation sales and RevPAR continued to grow ahead of the wider market. In Germany, demand strengthened through the quarter and with the opening of six new leasehold hotels, we drove double-digit accommodation sales growth and continued to outperform the wider market.

"Strong leisure bookings mean that our forward booked position is ahead of last year and we remain confident in the full year outlook. Whilst we expect the impact of business rates to remain in line with our previous FY27 guidance, we are continuing to press the UK Government for changes to FY28 and FY29.

"On 30 April, following a comprehensive review of all options to maximise value creation and deliver profitable growth, we outlined our New Five-Year Plan. We are executing each element at pace including: our proposed exit from all remaining branded restaurants in the UK to become a pure-play hotel business; refocused growth plans in the UK that will drive higher profits and returns; and accelerating cash flow and returns in Germany.

"With a favourable supply environment in the UK and Germany, we are focused on driving our best-in-class commercial and efficiencies programmes whilst at the same time reducing our capital intensity by £1bn, a combination that will increase margins and returns and generate £2bn of free cash flow available for shareholders by FY31."

Overview

Q1 FY27 Summary

1: STR data, standard basis, 27 February 2026 to 28 May 2026, UK M&E market excluding Premier Inn

2: Cohort of 17 more established German hotels that were open and trading under the Premier Inn brand for 12 consecutive months as at 4 March 2022

3: STR data, standard basis, 27 February 2026 to 28 May 2026, Germany M&E market excluding Premier Inn

4: Germany sales growth in GBP

Outlook

In the UK, our forward booked position remains ahead of last year, supported by peak leisure bookings. Whilst visibility remains limited, the strength of our brand and national coverage, together with our best-in-class commercial programme, means we are confident that we can continue to outperform the wider M&E market.

In Germany, our forward booked position is also ahead of last year and with our increasing maturity and commercial initiatives we are confident in driving further RevPAR growth and outperforming the wider market.

Annual General Meeting and FY27 interim results

The Group's Annual General Meeting is being held later today and the FY27 interim results will be announced on 15 October 2026.

For more information please contact:

A live Q&A teleconference for investors and analysts will be held at 8:00am GMT on 18 June 2026. Details to join are noted below. An on-demand version of this will be made available on the website (www.whitbread.com/investors/results-reports-and-presentations) shortly after.

Q&A teleconference participant dial-in numbers:

Start time - 8:00am GMT

United Kingdom (Local): 020 3936 2999

Participant Access Code: 412 773

Appendix

1)   Premier Inn UK key performance indicators

2)   Premier Inn Germany key performance indicators

Notes:

1: STR data, standard basis, 27 February 2026 to 28 May 2026, UK M&E market excluding Premier Inn

2: Growth versus Q1 FY26