Simon Thompson 

Elegant’s improving cash flow performance

Simon Thompson

Simon Thompson
Elegant’s improving cash flow performance

Elegant Hotels (EHG:72p), the operator of seven luxury hotels on the Caribbean island of Barbados, has posted a solid set of first half results. Almost four fifths of visitors at its hotels arrived from the UK in the six months to end March 2019, so it’s hardly surprising that all inclusive packages proved popular as holidaymakers looked to ‘lock in’ the cost of their vacation given a weak sterling-dollar exchange rate and uncertain UK economic backdrop.

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