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PPHE sees terror fears abate

PPHE sees terror fears abate

The terrorism-related fears that have hurt PPHE Hotel (PPH) in previous years appear to have abated in 2017. Chief financial officer Daniel Kos said these concerns were felt during 2015 and 2016, but that customer confidence improved last year. As such, occupancy improved by 1.3 per cent to 77.3 per cent, while revenue per available room (RevPAR) rose 10 per cent to £92.90. Sales growth was supported by two new openings in London and one in Nuremberg, but strip out the new locations and revenue still rose by more than 10 per cent.

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