Shares 

Empty rooms hit PPHE Hotel

These were a complex set of interim results from hotel group PPHE Hotel Group (PPH). Let's start on home soil. UK-based revenues fell 3 per cent as revenue per available room (RevPAR) dropped 5 per cent - the result of lower occupancy levels. Management blamed factors including the increased number of global terrorist incidents for the drop-off in demand, which resulted in a 13.9 per cent decline in cash profits to £21m.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now