The renovation work is well under way at PPHE Hotel (PPH), while one-offs in the comparative period last year took the gloss off the bottom line. Looking above this, the European hotel company saw operating profit rise more than a quarter to €35m (£26m), driven mostly by the revenue per available room rising by 12.5 per cent to €120 on the back of rate rises and robust occupancy. But the owner of the Park Plaza and art'otel brands has several ongoing projects to finish before its portfolio is back to full strength.
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