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.
“We want our future sports centre to act as a co-location for health and wellbeing services, furthering our connections with GP referrals and digital health platforms”
Imposter syndrome about a promotion taught the
CEO of SATS that behaving authentically is the most
important part of leadership. He talks to Kath Hudson
As more people join clubs to support their mental
health, fitness professionals need to be empowered to
take a holistic approach. Kath Hudson shares useful
tools discussed at the ACE summit on mental health
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
As one of the most energy-intensive industries in the UK, leisure facilities face a critical
challenge in balancing net zero goals, funding and increased costs.
CoverMe Fitness, the innovative studio management app for the fitness industry, launches this
month in Australia, with industry veteran Tony Zonato leading the rollout as Managing
Director for the region.
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.
“We want our future sports centre to act as a co-location for health and wellbeing services, furthering our connections with GP referrals and digital health platforms”
Imposter syndrome about a promotion taught the
CEO of SATS that behaving authentically is the most
important part of leadership. He talks to Kath Hudson
As more people join clubs to support their mental
health, fitness professionals need to be empowered to
take a holistic approach. Kath Hudson shares useful
tools discussed at the ACE summit on mental health
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
Now mental health is the number one reason for people to join a
health club, do fitness professionals need a grounding in counselling
to offer a more holistic service? Kath Hudson asks the experts
As health club operators move to incorporate recovery into their
offerings to meet growing consumer demand, Steph Eaves takes a
look at what cryotherapy and ice bathing can add to the equation
As one of the most energy-intensive industries in the UK, leisure facilities face a critical
challenge in balancing net zero goals, funding and increased costs.
CoverMe Fitness, the innovative studio management app for the fitness industry, launches this
month in Australia, with industry veteran Tony Zonato leading the rollout as Managing
Director for the region.