Hotel Brands
PPHE welcomes strong Q3 as occupancy and RevPAR rise
In the UK and the Netherlands, the group's hotels delivered a ‘stable performance’ characterised by continued occupancy increases, partially offset by minor rate decreases
PPHE Hotel Group has seen like-for-like total revenues rise by 1.8% to £143.5m in Q3, with growth seen in all of the group’s regions despite the weakening of the Euro, after both occupancy and RevPAR rose over the quarter.Over the period, reported revenue increased by 5.1% to £148.2m, “notably” benefiting from the recent openings of art’otel Zagreb and art’otel London Hoxton.
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