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 the company’s reassertion of its enhanced financial flexibility after the recent Waterloo sale.

06 Nov 2017
PPHE Hotel Group - Making the most of it

Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
PPHE Hotel Group - Making the most of it
PPHE Hotel Group Limited (PPH:LON) | 1,599 32 0.1% | Mkt Cap: 669.1m
- 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 the company’s reassertion of its enhanced financial flexibility after the recent Waterloo sale.