PPHE’s H120 results, more notably those from Q220, reflect the full impact of COVID-19 lockdowns on demand, and the substantial progress that management has made in managing the cost base and cash burn. Demand from the leisure sector has returned relatively strongly but the rate of potential recovery in business travel remains uncertain. In recent weeks, the group’s average occupancy level of c 35% is above the 30% required for operational break-even with government support for jo
04 Sep 2020
PPHE Hotel Group - Leisure demand recovering
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PPHE Hotel Group - Leisure demand recovering
PPHE Hotel Group Limited (PPH:LON) | 1,422 284.5 1.4% | Mkt Cap: 598.4m
- Published:
04 Sep 2020 -
Author:
Russell Pointon -
Pages:
2
PPHE’s H120 results, more notably those from Q220, reflect the full impact of COVID-19 lockdowns on demand, and the substantial progress that management has made in managing the cost base and cash burn. Demand from the leisure sector has returned relatively strongly but the rate of potential recovery in business travel remains uncertain. In recent weeks, the group’s average occupancy level of c 35% is above the 30% required for operational break-even with government support for jo