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U.K. (FTSE) Hospitality Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies33
  • 7D-0.2%
  • 3M-5.8%
  • 1Y-11.1%
  • YTD-0.2%

Over the last 7 days, the Hospitality industry has remained flat, although notably Whitbread gained 9.0%. As for the longer term, the industry has declined 10.0% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.K. Hospitality Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026UK£60.0bUK£58.2bUK£1.6b13.5x37.9x1x
Sat, 13 Dec 2025UK£59.2bUK£58.5bUK£1.6b14.8x37.3x1x
Mon, 10 Nov 2025UK£62.4bUK£57.1bUK£1.3b15.4x47.3x1.1x
Wed, 08 Oct 2025UK£64.4bUK£56.5bUK£1.3b15.5x49.2x1.1x
Fri, 05 Sep 2025UK£67.8bUK£58.6bUK£1.3b16.9x52.6x1.2x
Sun, 03 Aug 2025UK£71.4bUK£58.8bUK£1.4b19.5x50.2x1.2x
Tue, 01 Jul 2025UK£67.7bUK£57.6bUK£1.4b17.1x48.5x1.2x
Thu, 29 May 2025UK£69.5bUK£58.2bUK£1.4b18.5x49.1x1.2x
Sat, 26 Apr 2025UK£64.3bUK£57.0bUK£1.3b17.8x48.1x1.1x
Mon, 24 Mar 2025UK£63.6bUK£58.8bUK£1.6b18.1x40.3x1.1x
Wed, 19 Feb 2025UK£72.5bUK£59.2bUK£1.7b15.8x43.6x1.2x
Fri, 17 Jan 2025UK£70.4bUK£60.5bUK£1.7b18.3x41.8x1.2x
Sun, 15 Dec 2024UK£72.7bUK£59.5bUK£1.7b19.8x43.9x1.2x
Tue, 12 Nov 2024UK£71.4bUK£58.0bUK£1.7b22.6x41.3x1.2x
Thu, 10 Oct 2024UK£68.6bUK£57.5bUK£1.8b21.7x38.9x1.2x
Sat, 07 Sep 2024UK£67.5bUK£57.3bUK£1.7b23.4x39.3x1.2x
Mon, 05 Aug 2024UK£64.7bUK£58.0bUK£1.2b22.2x53x1.1x
Wed, 03 Jul 2024UK£61.6bUK£58.2bUK£1.2b21.5x49.9x1.1x
Fri, 31 May 2024UK£89.4bUK£67.6bUK£215.9m22.2x414.2x1.3x
Sun, 28 Apr 2024UK£90.4bUK£65.8bUK£85.2m21.4x1060.9x1.4x
Tue, 26 Mar 2024UK£95.4bUK£65.4bUK£892.1m23x107x1.5x
Thu, 22 Feb 2024UK£94.0bUK£65.1bUK£1.1b21.3x84.5x1.4x
Sat, 20 Jan 2024UK£93.9bUK£66.2bUK£980.8m21.5x95.7x1.4x
Mon, 18 Dec 2023UK£88.3bUK£66.2bUK£982.3m22.2x89.9x1.3x
Wed, 15 Nov 2023UK£85.5bUK£64.3bUK£1.0b20.4x81.5x1.3x
Fri, 13 Oct 2023UK£87.5bUK£64.0bUK£988.5m22.1x88.6x1.4x
Sun, 10 Sep 2023UK£90.2bUK£63.9bUK£1.0b18x89.1x1.4x
Tue, 08 Aug 2023UK£93.3bUK£61.9bUK£1.2b25.9x77.6x1.5x
Thu, 06 Jul 2023UK£94.8bUK£61.8bUK£1.2b21.3x79.6x1.5x
Sat, 03 Jun 2023UK£97.6bUK£61.7bUK£1.2b23.2x81.5x1.6x
Mon, 01 May 2023UK£95.9bUK£56.8bUK£1.1b21.8x89x1.7x
Wed, 29 Mar 2023UK£87.7bUK£55.4bUK£1.2b17.6x70.4x1.6x
Fri, 24 Feb 2023UK£86.7bUK£53.3bUK£1.8b20.3x49x1.6x
Sun, 22 Jan 2023UK£84.8bUK£53.1bUK£2.1b12x40.3x1.6x
Price to Earnings Ratio

40.3x


Total Market Cap: UK£84.8bTotal Earnings: UK£2.1bTotal Revenue: UK£53.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Hospitality Industry Price to Earnings3Y Average 107.4x202420252026
Current Industry PE
  • Investors are pessimistic on the British Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 37.8x which is lower than its 3-year average PE of 107x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Hospitality industry have declined 9.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.K. Consumer Discretionary industry?

GB Market1.35%
Consumer Discretionary-1.36%
Hospitality-0.22%
Hotels, Resorts and Cruise Lines5.61%
Leisure Facilities2.52%
Restaurants-0.69%
Casinos and Gaming-3.08%
Industry PE
  • Investors are most optimistic about the Restaurants industry even though it's trading below its 3-year average PE ratio of 34.3x.
    • Analysts are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 19.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Casinos and Gaming industry, expecting annual earnings growth of 81% over the next 5 years.
  • However this is lower than its past earnings growth rate of 263% per year.
  • In contrast, the Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WTB WhitbreadUK£27.939.0%
+UK£386.0m		-6.0%PE18.7x
MAB Mitchells & ButlersUK£2.752.4%
+UK£38.6m		13.2%PE9.2x
YNGA Young's BreweryUK£8.064.8%
+UK£22.9m		-3.1%PE43.5x
DOM Domino's Pizza GroupUK£1.822.0%
+UK£13.7m		-36.7%PE9x
GYM Gym GroupUK£1.623.8%
+UK£10.7m		12.0%PE38.7x

Latest News

IHG
US$135.40
InterContinental Hotels Group
7D
-0.3%
1Y
10.2%
WTB
UK£27.93
Whitbread
7D
9.0%
1Y
-6.0%

Returns On Capital Are Showing Encouraging Signs At Whitbread (LON:WTB)

Jan 15
Returns On Capital Are Showing Encouraging Signs At Whitbread (LON:WTB)
SSPG
UK£1.91
SSP Group
7D
-2.1%
1Y
10.0%

Is SSP Group (LON:SSPG) A Risky Investment?

Jan 14
Is SSP Group (LON:SSPG) A Risky Investment?
GYM
UK£1.62
Gym Group
7D
3.8%
1Y
12.0%
YNGA
UK£8.06
Young's Brewery
7D
4.8%
1Y
-3.1%

Is Young's Brewery (LON:YNGA) Using Too Much Debt?

Jan 13
Is Young's Brewery (LON:YNGA) Using Too Much Debt?
RNK
UK£0.99
Rank Group
7D
1.6%
1Y
25.6%

RNK: Index Inclusion Will Drive Returns As Leadership Transition Supports Earnings Outlook

Analysts have made a small adjustment to their price target for Rank Group, keeping fair value unchanged at £1.64. They have fine tuned assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect updated modelling rather than a shift in core conviction.
EVOK
UK£0.23
Evoke
7D
5.5%
1Y
-63.2%

EVOK: Future Upside Will Hinge On Cash Takeover Versus UK Gaming Tax

Analysts have trimmed their price targets on Evoke, with one moving from £0.82 to £0.66 per share. This reflects concerns about higher UK gaming taxes and the impact of an agreed US$11.00 per share cash takeover on the stock's standalone upside.
CPG
UK£23.21
Compass Group
7D
-0.5%
1Y
-13.2%

CPG: Strengthened European Platform And Better Returns Profile Should Drive Future Upside

Analysts have inched their blended price target higher to about £31.00 per share, supported by updated assumptions for slightly stronger revenue growth, modestly improved profit margins, and a marginally higher future P/E multiple, which align with recent Street research highlighting a stronger long term growth platform and improved returns profile. Analyst Commentary Recent Street research on Compass Group has focused on fine tuning upside potential and reassessing how much of the long term growth and returns story is already reflected in the share price.
GRG
UK£16.31
Greggs
7D
-8.0%
1Y
-25.3%

GRG: Margin And P/E Repricing Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Greggs from £19.43 to £18.91, reflecting slightly higher discount rates, somewhat softer revenue growth and profit margins, and a marginally higher assumed future P/E multiple. Valuation Changes Fair value estimate reduced slightly from £19.43 to £18.91 per share.
TRN
UK£2.16
Trainline
7D
-2.1%
1Y
-47.9%

TRN: Share Buybacks And Execution Upside Will Drive Future Re Rating

Analysts have trimmed their average price target for Trainline to £3.00, reflecting mixed recent revisions across the Street and slightly adjusted modeling assumptions around discount rates and future P/E multiples. Analyst Commentary Recent research on Trainline shows a mix of optimism and caution, with price targets clustered between £3.00 and £5.00 and ratings ranging from Neutral to Buy.
MAB
UK£2.75
Mitchells & Butlers
7D
2.4%
1Y
13.2%

Mitchells & Butlers (LON:MAB) Takes On Some Risk With Its Use Of Debt

Jan 07
Mitchells & Butlers (LON:MAB) Takes On Some Risk With Its Use Of Debt
BOWL
UK£2.76
Hollywood Bowl Group
7D
1.7%
1Y
-4.8%
ENT
UK£7.14
Entain
7D
-4.0%
1Y
14.5%

ENT: Future Upside Will Rely On UK Gaming Tax Overreaction Easing

Analysts have adjusted their expectations for Entain, with Street price targets broadly reset in a tighter range. Changes include a revision to £8.32 from £9.17 at HSBC.
DOM
UK£1.82
Domino's Pizza Group
7D
2.0%
1Y
-36.7%

DOM: Leadership Change Will Set Up Future Share Price Recovery

Analysts have lowered their price expectations for Domino's Pizza Group, reflecting a slightly higher discount rate and more cautious revenue growth assumptions. This is partly offset by a small increase in projected profit margins and future P/E multiples.
HSW
UK£1.17
Hostelworld Group
7D
-5.6%
1Y
-13.7%
FSTA
UK£7.10
Fuller Smith & Turner
7D
-3.0%
1Y
23.3%