PPHE has again hit the spot with a “strong” Q3 (like-for-like RevPAR +9%, albeit currency-boosted), driven by Croatia and London. This is all the more encouraging as it is entirely rate-led, the peak trading period of Arena and proof of resilience in the capital despite a market slowdown. There is further reassurance in management’s confidence about Q4, given its significance and a demanding comparative. Development continues apace with openings and renovations on track and
06 Nov 2017
PPHE Hotel Group - Making the most of it
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
PPHE Hotel Group - Making the most of it
PPHE Hotel Group Limited (PPH:LON) | 1,452 0 0.0% | Mkt Cap: 611.0m
- Published:
06 Nov 2017 -
Author:
Richard Finch -
Pages:
2
PPHE has again hit the spot with a “strong” Q3 (like-for-like RevPAR +9%, albeit currency-boosted), driven by Croatia and London. This is all the more encouraging as it is entirely rate-led, the peak trading period of Arena and proof of resilience in the capital despite a market slowdown. There is further reassurance in management’s confidence about Q4, given its significance and a demanding comparative. Development continues apace with openings and renovations on track and