An announcement from PPHE Hotel ( (GB:PPH) ) is now available.
PPHE Hotel Group reported a record year for 2024, with total revenue increasing by 6.8% to £442.8 million and EBITDA rising by 6.5% to £136.5 million. The company’s growth was driven by increased occupancy rates and strategic hotel openings, including the flagship art’otel London Hoxton and the first Radisson RED hotels. The group is focused on leveraging its £300+ million development pipeline and exploring further growth opportunities, while maintaining a strong emphasis on sustainability and shareholder value. The board remains optimistic about continued growth in 2025, supported by the performance of newly opened hotels.
More about PPHE Hotel
PPHE Hotel Group is an international hospitality real estate group that develops, owns, and operates hotels and resorts. The company focuses on expanding its presence across Europe with a diverse portfolio that includes 51 hotels, resorts, and campsites in 16 European cities, including seven capital cities. PPHE is known for its multi-brand strategy, including the art’otel and Radisson RED brands, aiming to appeal to a broad customer base.
YTD Price Performance: -7.80%
Average Trading Volume: 32,984
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £543.3M
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