CHE Hotels Group has issued a profit warning following a poor second half during 2006.
In a trading update, the Sleep Inn and Quality Hotel brand operator said full year results to 31 December will be “significantly” below analysts expectations.
The company blamed difficult trading conditions in the fourth quarter as well as its ongoing restructuring programme for the decline.
CHE chief executive, Michael Prager, said actions to address the situation were already in place and that the statement would not affect the group's expansion plans.
“We expect to have 13 Sleep Inns open or in an advanced stage of construction by the end of 2007 - doubling the size of the brand in the UK,” he said.
Prager, who was appointed as the group's CEO in September, also said that the company would commence a “ruthless drive” to reduce the cost base of the business.
CHE operates 58 owned, leased or managed hotels in the UK, France, Germany and Belgium under the Comfort Inn, Quality Hotel, Clarion Hotel and Sleep Inn brands.
CHE Hotels Group has issued a profit warning following a poor second half during 2006.
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CHE Hotels Group has issued a profit warning following a poor second half during 2006.
In a trading update, the Sleep Inn and Quality Hotel brand operator said full year results to 31 December will be “significantly” below analysts expectations.
The company blamed difficult trading conditions in the fourth quarter as well as its ongoing restructuring programme for the decline.
CHE chief executive, Michael Prager, said actions to address the situation were already in place and that the statement would not affect the group's expansion plans.
“We expect to have 13 Sleep Inns open or in an advanced stage of construction by the end of 2007 - doubling the size of the brand in the UK,” he said.
Prager, who was appointed as the group's CEO in September, also said that the company would commence a “ruthless drive” to reduce the cost base of the business.
CHE operates 58 owned, leased or managed hotels in the UK, France, Germany and Belgium under the Comfort Inn, Quality Hotel, Clarion Hotel and Sleep Inn brands.
CHE Hotels Group has issued a profit warning following a poor second half during 2006.
As the entrepreneur who started Wexer, Fresh Fitness, Fitness DK and Repeat, as well as being a former elite athlete, Rasmus Ingerslev’s life looked perfect from the outside, but onthe inside it was a different story. He talks to Kath Hudson about healing old wounds
For every member with a tripod and a big following, there are others irritated at the way equipment is being hogged or wary they’ll be in the background on someone’s Insta feed. Do influencers offer valuable, free marketing or are they just a nuisance? Kath Hudson finds out how operators are responding
If the health service is to
survive, we must recognise
that it is a disease service
– and that wellbeing rests with
us, says the activity advocate
and healthy ageing champion.
He talks to Kate Cracknell
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confirming the event’s largest-ever drinks reception as registrations continue to run more
than 10% ahead of last year.
UK Active has announced the next phase of its Digital Futures programme, supporting organisations
across the physical activity sector to develop their digital capability.
The Fitness Group, the UK's leading fitness education training provider, has announced a
strategic partnership with Serco Leisure, one of the UK's leading national operators of
leisure centres, destination venues and elite sporting facilities.