PPHE revenues rise 5.2% in Q3 as occupancy improves
💸 PPHE's Q3 revenue increased by 5.2% to £155.9m, with like-for-like revenue at £154.7m. Occupancy improved to 80.2%, and RevPAR grew 2.7% to £140.3. UK hotels showed growth, while the Netherlands and Germany faced challenges. Croatian properties performed well despite lower occupancy. PPHE focuses on cost control amid tax hikes in the UK and Netherlands and inflation concerns. The FY 2025 outlook remains stable, with new art’otel locations in London and Rome showing promising occupancy.
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