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  "presentationDate": "2022-05-01 00:00:00",
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      "text": "1. Largest hotel operator in the UK with the strongest brand\n2. Vertically integrated model affords control over best-in-class operations and is a competitive advantage over peers\n3. Effective direct digital distribution platforms affording cost efficiency and ownership of the customer relationship\n4. Broad customer reach across regions and defensive domestic/inbound and business/leisure mix\n5. Positioned in budget sector which is fastest growing and outperforms in downturns\n6. Attractive structural growth opportunities remain intact, including Germany where the business is well placed to replicate its success in the UK\n7. Decisive and effective actions taken to mitigate business and financial disruption from COVID-19 and protect stakeholders, along with longstanding proven ability to manage costs through a cycle\n8. Experienced management team\n9. A 'Force for Good' - robust and longstanding sustainability policies which run through everything we do and are recognised via external accreditations\n10. Conservative balance sheet and financial flexibility afforded by freehold property backing\n11. Board intention to maintain investment grade metrics over the medium term\n12. Dividend payments resumed. A final dividend of 34.7 pence per share (£70m) will be paid on 1 July 2022. This reflects both the Group's encouraging trading and confidence in the outlook.",
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