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PPHE has welcomed strong quarterly results, as group revenue rose 5.2% to £155.9m in the third quarter, up from £148.2m the prior year. On a like-for-like basis, revenues increased 4.9% to £154.7m.
Meanwhile, reported occupancy improved to 80.2%, compared with 79.5% in the same period last year, and like-for-like occupancy rose to 80.8%.
Revenue per available room (RevPAR) also grew 2.7% to £140.3, supported by higher occupancy and average room rates. On a like-for-like basis, RevPAR increased 3.0% to £140.8.
It comes as the group’s UK hotels recorded steady growth against a strong comparative period in 2024, with occupancy continuing to rise and a modest uplift in room rates.
Trading in the Netherlands and Germany was weaker however, reflecting pressure on both occupancy and average rates, as well as a particularly strong performance in the Netherlands last year.
Hotels, self-catering apartments and campsites in Croatia performed well during the peak summer months, with rate increases offsetting a slight fall in occupancy.
Looking ahead, the group said it remains focused on efficiency measures and cost control to counteract the impact of government-led tax increases in both the Netherlands and the UK.
Greg Hegarty, co-CEO PPHE Hotel Group, said: “We are pleased to have delivered 5.2% revenue and 2.7% RevPAR growth in the quarter, driven in part by a strong occupancy-led and rate performance from our UK hotels.
“Our recently opened art’otel branded properties in London and Rome continue to build occupancy in line with our revised expectations. Our Croatian early season and summer period delivered solid results despite poor weather in August.”
He added: “While we continue to monitor the volatile macro-economic environment as we enter an important period for our UK business and margins remain sensitive to movements in room rates and cost inflation, current trading is in line with expectations. The Board’s outlook for FY 2025 is unchanged from previous guidance.”
PPHE has welcomed strong quarterly results, as group revenue rose 5.2% to £155.9m in the third quarter, up from £148.2m the prior year. On a like-for-like basis, revenues increased 4.9% to £154.7m.
Meanwhile, reported occupancy improved to 80.2%, compared with 79.5% in the same period last year, and like-for-like occupancy rose to 80.8%.
Revenue per available room (RevPAR) also grew 2.7% to £140.3, supported by higher occupancy and average room rates. On a like-for-like basis, RevPAR increased 3.0% to £140.8.
It comes as the group’s UK hotels recorded steady growth against a strong comparative period in 2024, with occupancy continuing to rise and a modest uplift in room rates.
Trading in the Netherlands and Germany was weaker however, reflecting pressure on both occupancy and average rates, as well as a particularly strong performance in the Netherlands last year.
Hotels, self-catering apartments and campsites in Croatia performed well during the peak summer months, with rate increases offsetting a slight fall in occupancy.
Looking ahead, the group said it remains focused on efficiency measures and cost control to counteract the impact of government-led tax increases in both the Netherlands and the UK.
Greg Hegarty, co-CEO PPHE Hotel Group, said: “We are pleased to have delivered 5.2% revenue and 2.7% RevPAR growth in the quarter, driven in part by a strong occupancy-led and rate performance from our UK hotels.
“Our recently opened art’otel branded properties in London and Rome continue to build occupancy in line with our revised expectations. Our Croatian early season and summer period delivered solid results despite poor weather in August.”
He added: “While we continue to monitor the volatile macro-economic environment as we enter an important period for our UK business and margins remain sensitive to movements in room rates and cost inflation, current trading is in line with expectations. The Board’s outlook for FY 2025 is unchanged from previous guidance.”
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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