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PPHE Hotel ( (GB:PPH) ) has provided an update.
PPHE Hotel Group reported a strong finish to 2024, with total revenue and EBITDA expected to meet market expectations. The company saw a 5.7% increase in room revenue, driven by new hotel openings and growth in occupancy, particularly in the UK and Germany. Despite a stable room revenue in the UK, the group’s performance was buoyed by a strategic expansion, including the upcoming opening of art’otel Rome Piazza Sallustio. The company’s strategic progress in its £300 million development pipeline is poised to enhance future occupancy and revenue per available room (RevPAR), underpinning its growth trajectory.
More about PPHE Hotel
PPHE Hotel Group is an international hospitality real estate company with a £2.2 billion portfolio, consisting mainly of prime freehold and long leasehold assets across Europe. The company owns, develops, leases, operates, and franchises a variety of hospitality properties, including upscale, upper upscale, and lifestyle hotels. PPHE has an exclusive licence from the Radisson Hotel Group to operate Park Plaza® branded hotels in Europe, the Middle East, and Africa. It also operates under the art’otel® brand and its Croatian subsidiary manages Arena Hotels & Apartments® and Arena Campsites®.
YTD Price Performance: -9.57%
Average Trading Volume: 35,613
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £532.8M
For detailed information about PPH stock, go to TipRanks’ Stock Analysis page.
