UK accommodation sales have been dragged down by the weak domestic demand for the regional market, mainly due to the decline in business and leisure confidence resulting from the political and economic uncertainty related to Brexit. The challenging trading environment due to the macro uncertainty should continue to weigh on the group’s profitability in the near term.
30 Apr 2019
Decline in demand for the regional market
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Decline in demand for the regional market
Whitbread PLC (WTB:LON) | 3,138 815.9 0.8% | Mkt Cap: 5,789m
- Published:
30 Apr 2019 -
Author:
Jie Zhang -
Pages:
3
UK accommodation sales have been dragged down by the weak domestic demand for the regional market, mainly due to the decline in business and leisure confidence resulting from the political and economic uncertainty related to Brexit. The challenging trading environment due to the macro uncertainty should continue to weigh on the group’s profitability in the near term.