PPHE Hotel (GB:PPH) has released an update.
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PPHE Hotel Group has reported a strong performance for Q3 2024, with a 5.1% increase in total revenue to £148.2 million, driven by new hotel openings and rising occupancy rates. Despite a slight decline in average room rates, occupancy improved to 79.5%, showcasing the company’s strategic growth and robust market presence. Notably, the group completed a successful £4.0 million share buyback program, reinforcing its financial confidence.
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