PPHE Hotel (GB:PPH) has released an update.
PPHE Hotel Group reports a strong performance for the first half of 2024, with like-for-like EBITDA increasing by 10.9% and an improved EBITDA margin, alongside a hike in interim dividend to 17 pence per share. The company remains on track with its £300+ million development pipeline, anticipating at least £25 million in incremental EBITDA from new properties upon stabilization. Despite some supply chain delays impacting the complete opening of new hotels, the Group is optimistic about their prospective earnings contribution and ongoing shareholder value enhancement.
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