PPHE Hotel Group Q3 revenue rises on UK and Croatia demand
PPHE Hotel Group Q3 revenue rises on UK and Croatia demand
Overview
UK-based hotel operator's Q3 revenue rose 5.8% yr/yr, driven by London and Croatia
Q3 RevPAR increased 6.6%, supported by higher occupancy and room rates
Company completed sale of New York development site, using proceeds to repay debt
Outlook
Company says Q4 demand and forward bookings remain encouraging
PPHE expects 2026 results to be in line with market expectations
Company cites geopolitical volatility and fiscal headwinds as ongoing risks
Result Drivers
UK DEMAND - Co said strong guest demand across UK hotels supported growth in room rates and occupancy
CROATIA PERFORMANCE - Co said Croatian properties delivered a strong summer season
NETHERLANDS VAT IMPACT - Co said higher VAT rate in Netherlands led to subdued trading
Company press release: ID:nRSc8827Aa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| GBP 164.90 mln |
|
Q3 RevPAR |
| GBP 149.50 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"
Wall Street's median 12-month price target for PPHE Hotel Group Limited is GBp1,960.00, about 29.1% above its October 28 closing price of GBp1,518.00
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)