PPHE Hotel Group reports 19% rise in annual revenue
Source - SMW
PPHE Hotel Group said its overall performance in 2017 was in line with expectations amid a 19% rise in hotel revenue.
Most of the growth was driven by room inventory in London, though the company said it also benefited from improved trading across most of its operating regions.
On a like-for-like basis, hotel revenue increased by around 10.0%, it said.
Revenue per available room grew by around 10.0% to £92.90, while the average room rate rose by 8.2% to £120.20.
At 9:39am: (LON:PPH) PPHE Hotel Group share price was -5p at 1115p