Business
Trading Update (unaudited)
Trading Update (unaudited).
About this update from Pphe Hotel Group Limited
[{"type":"text","content":"\n \nRNS Number : 4673X PPHE Hotel Group Limited 30 April 2019 \n\n \nPPHE Hotel Group Limited\nTrading update (unaudited)\nfor the three months ended 31 March 2019\n· Strong start to 2019 with 8.1% like-for-like1 revenue increase\n· Continued good progress with hospitality real estate investments\nPPHE Hotel Group Limited (the \"Group\"), the international hospitality real estate group which owns, co-owns and develops hotels, resorts and campsites, is pleased to announce its trading update for the three months ended 31 March 2019.\nKey Financial Statistics for the three months ended 31 March 2019\n\n\n\n\n \n\n\nReported\n\n\n \n\n\n \n\n\nLike-for-like1\n\n\n \n\n\n \n\n\n\n\n \n\n\nThree months ended\n31 March 2019\n \n\n\nThree months ended\n31 March 2018\n \n\n\n%\nchange2\n \n\n\n \n\n\nThree months ended\n31 March 2019\n \n \n\n\nThree months ended\n31 March 2018\n \n \n\n\n%\nchange2\n \n\n\n\n\nTotal revenue\n\n\n£ 62.5 million\n\n\n£ 59.4 million\n\n\n5.2%\n\n\n \n\n\n£ 62.4 million\n\n\n£ 57.8 million\n\n\n8.1%\n\n\n\n\nOccupancy\n\n\n76.4%\n\n\n73.7%\n\n\n270 bps\n\n\n \n\n\n76.4%\n\n\n73.8%\n\n\n260 bps\n\n\n\n\nAverage room rate\n\n\n£115.5\n\n\n£108.7\n\n\n6.2%\n\n\n \n\n\n£115.4\n\n\n£110.6\n\n\n4.3%\n\n\n\n\nRevPAR\n\n\n£88.2\n\n\n£80.1\n\n\n10.1%\n\n\n \n\n\n£88.2\n\n\n£81.7\n\n\n7.9%\n\n\n\n \n \n \n \n \n \n \n \n \n \n \n\n\n\n \n1 The like-for-like numbers for 31 March 2018 exclude the first three months of operation from art'otel dresden due to termination of the lease. Furthermore, the like-for-like numbers for both 31 March 2019 and 31 March 2018 exclude the first three months of operation from Park Plaza Vondelpark, Amsterdam (temporarily closed for repositioning).\n2 Percentage change figures are calculated from actual figures as opposed to the rounded figures included in the above table. Un...