Hotel Brands
PPHE Hotel Group reports ‘strong revenue growth’ in Q3 results
International hospitality real estate firm PPHE Hotel Group has reported a 4.5% increase in like-for-like revenue to £114.2m for the three months ending 30 September 2018.
Like-for-like RevPAR increased across all regions, with an increase of 5.8% to £111.50, compared with £105.40 the previous year, and occupancy increased by 270 bps to 86.6%, which was most notable throughout the United Kingdom and Germany.
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