RevPAR Weekly & PLX model update: Middle East improves; US and APAC strong; Key European Markets Muted

Research evidence excerpt

RevPAR Weekly & PLX model update: Middle East improves; US and APAC strong; Key European Markets Muted

Barclays | RevPAR Weekly & PLX model update

Whitbread PLC (WTB LN / WTB.L)

Stock Rating: EQUAL WEIGHT

Industry View: NEUTRAL

Closing Price: GBp 2426 (20-May-2026)

Rating and Price Target Chart - GBP (as of 20-May-2026)

Currency=GBP

Jul-2023 Jan-2024 Jul-2024 Jan-2025 Jul-2025 Jan-2026

Closing Price Target Price Rating Change

Source: IDC, Barclays Research

Link to Barclays Live for interactive charting

Publication Closing Price* Rating Adjusted Price

Date Target

27-Apr-2026 24.59 25.00

22-Feb-2026 27.30 26.00

15-Jan-2026 27.93 27.00

30-Nov-2025 24.90 26.25

30-Oct-2025 30.46 32.50

16-Jul-2025 30.24 30.20

26-Feb-2025 27.07 30.00

14-Nov-2024 29.30 Equal Weight 31.60

08-May-2024 30.27 38.50

29-Jun-2023 33.89 42.50

On 20-May-2023, prior to any intra-day change that may have been

published, the rating for this security was Overweight, and the adjusted

price target was 40.00.

Source: Bloomberg, Barclays Research

*This is the closing price referenced in the publication, which may not be

the last available closing price at the time of publication.

Historical stock prices and price targets may have been adjusted for stock

splits and dividends.

J: Barclays Bank PLC and/or an affiliate is a liquidity provider and/or trades regularly in the securities by Whitbread PLC and/or in any related

derivatives.

K: Barclays Bank PLC and/or an affiliate has received non-investment banking related compensation (including compensation for brokerage services,

if applicable) from Whitbread PLC within the past 12 months.

N: Whitbread PLC is, or during the past 12 months has been, a non-investment banking client (non-securities related services) of Barclays Bank PLC

and/or an affiliate.