IMS confirmation of momentum is reassuring in the face of headwinds, notably the timing of Easter, significant renovations and the threat of terrorism. Encouragingly, a focus on room rate (+5% in Q1) rather than occupancy (-500 bps in Q1) should allow PPHE to mitigate cost pressures. Transformative investment, facilitated by further long-term re-financing, remains on track, as does the consolidation of its Croatian resort businesses (forecasts to be updated once financials are fully disclosed
05 May 2016
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PPHE Hotel Group Limited (PPH:LON) | 1,452 0 0.0% | Mkt Cap: 611.0m
- Published:
05 May 2016 -
Author:
Richard Finch -
Pages:
2
IMS confirmation of momentum is reassuring in the face of headwinds, notably the timing of Easter, significant renovations and the threat of terrorism. Encouragingly, a focus on room rate (+5% in Q1) rather than occupancy (-500 bps in Q1) should allow PPHE to mitigate cost pressures. Transformative investment, facilitated by further long-term re-financing, remains on track, as does the consolidation of its Croatian resort businesses (forecasts to be updated once financials are fully disclosed