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Weather and World Cup boost PPHE

Weather and World Cup boost PPHE

Some travel and tourism groups think the recent heatwave and football World Cup discouraged holidaymakers this summer, but chief financial officer Daniel Kos says he's seen quite the opposite at PPHE Hotel Group (PPH). He believes the warm weather encouraged more 'staycations' across the UK, while Croatia’s advance in the World Cup led to higher hotel bookings there. The reported period doesn't include peak summer months, but normalised pre-tax profits rose 62.4 per cent to £5.1m.

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