PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,080.00p
   
  • Change Today:
    -45.00p
  • 52 Week High: 2,140.00p
  • 52 Week Low: 805.00p
  • Currency: UK Pounds
  • Shares Issued: 42.46m
  • Volume: 5,242
  • Market Cap: £458.56m
  • RiskGrade: 334

PPHE Hotel Group flags decent room revenue growth

By Josh White

Date: Thursday 23 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Hotel and resort developer, owner and operator PPHE Hotel Group updated the market on its trading for 2019 on Thursday, reporting a 6.3% rise in like-for-like group room revenue to £249m.
The FTSE 250 company said reported group room revenue for the year ended 31 December increased 5.9% to £250m.

Its like-for-like revenue per available room (revPAR) for the year grew 5.1% to £103.7, which the board said was driven by like-for-like occupancy growth of 130 basis points to 80.7%, and like-for-like average room rate growth of 3.4% to £128.5.

Reported revPAR for the year was up 6.0% to £103.6, and occupancy was ahead 120 basis points to 80.6% with the firm's average room rate improving 4.4% to £128.5.

The group said it was expecting to deliver full-year results in line with the board's expectations, following a solid performance through the final quarter.

It said the trading benefits from the £100m-plus multi-year investment and repositioning programme were starting to come through, following the launch of Holmes Hotel London in May, and the reopening of Park Plaza Vondelpark in Amsterdam and Park Plaza Utrecht in October.

"We are on-course to continue our track record of delivering growth and results in-line with expectations," said president and chief executive officer Boris Ivesha.

"Our continued success is underpinned by our unique owner-operator model which distinguishes us from industry peers."

Ivesha said PPHE was able to access "the most attractive sites" for its hotel brands, capturing substantial development profits and participating across the full hospitality value chain.

"We are well positioned for future growth as we drive the performance of our well-invested estate and build out our more than £300m planned development pipeline across the UK, Europe and the US."

PPHE Hotel Group said it was scheduled to release its audited full-year results on 27 February.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PPH Market Data

Currency UK Pounds
Share Price 1,080.00p
Change Today -45.00p
% Change -4.00 %
52 Week High 2,140.00p
52 Week Low 805.00p
Volume 5,242
Shares Issued 42.46m
Market Cap £458.56m
RiskGrade 334

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.56% above the market average55.56% above the market average55.56% above the market average55.56% above the market average55.56% above the market average
22.86% above the sector average22.86% above the sector average22.86% above the sector average22.86% above the sector average22.86% above the sector average
Price Trend
55.25% below the market average55.25% below the market average55.25% below the market average55.25% below the market average55.25% below the market average
1.37% below the sector average1.37% below the sector average1.37% below the sector average1.37% below the sector average1.37% below the sector average
Income
39.7% below the market average39.7% below the market average39.7% below the market average39.7% below the market average39.7% below the market average
18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average
Growth
19.77% below the market average19.77% below the market average19.77% below the market average19.77% below the market average19.77% below the market average
24.64% above the sector average24.64% above the sector average24.64% above the sector average24.64% above the sector average24.64% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PPH Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 19-Sep-19
Paid n/a 15-Oct-19
Amount 0.000p 17.00p

Trades for 07-Jul-2020

Time Volume / Share Price
16:35 1,153 @ 1,080.00p
16:29 3 @ 1,080.00p
16:29 4 @ 1,090.00p
16:29 31 @ 1,080.00p
16:29 34 @ 1,080.00p

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