March 16, 2020 / 8:42 AM / 13 days ago

BRIEF-Unite Group Now Plans To Operate Reduced Programme Of Summer Business In 2020

March 16 (Reuters) - Unite Group PLC:

* CORONAVIRUS UPDATE

* CONTINUES TO OPERATE ALL OF ITS PROPERTIES AND HAS IMPLEMENTED ADVICE FROM WORLD HEALTH ORGANISATION AND PUBLIC HEALTH ENGLAND

* IN ACTIVE DIALOGUE WITH UNIVERSITY PARTNERS, WILL CONTINUE TO PROVIDE STUDENTS WITH SUPPORT AND ACCESS TO MOST UP-TO-DATE INFORMATION

* - NO NOTICEABLE IMPACT TO DATE ON UNITE’S SALES PERFORMANCE FOR 2020/21 ACADEMIC YEAR

* RESERVATIONS CURRENTLY 77% (77% AT SAME TIME LAST YEAR), SALES TO & ENQUIRIES FROM INTERNATIONAL STUDENTS REMAIN IN LINE WITH PRIOR YEARS

* NOW PLAN TO OPERATE A REDUCED PROGRAMME OF SUMMER BUSINESS IN 2020 GIVEN RISK OF DISRUPTION TO BOOKINGS

* REMOVAL OF VARIABLE COSTS ASSOCIATED WITH SUMMER BUSINESS WILL HELP TO MITIGATE IMPACT ON EARNINGS, WHICH DO NOT EXPECT TO BE MATERIAL

* SUMMER BUSINESS ACCOUNTED FOR 3% OF RENTAL INCOME IN 2019 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below