REG - PPHE Hotel Grp Ltd - Q3 Trading Update

PPHE HotelAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251030:nRSd3826Fa&default-theme=true

RNS Number : 3826F  PPHE Hotel Group Limited  30 October 2025

30 October 2025

 

PPHE Hotel Group Limited

("PPHE" or the "Group")

 

Q3 Trading Update

 

Robust performance; Full year expectations reiterated

 

PPHE Hotel Group, the international hospitality real estate group which
develops, owns and operates hotels and resorts, is pleased to announce a
trading update for the three months ended 30 September 2025.

 

Commenting on the trading update, Greg Hegarty, Co-Chief Executive Officer,
PPHE Hotel Group said:

 

"We are pleased to have delivered 5.2% revenue and 2.7% RevPAR growth in the
quarter, driven in part by a strong occupancy-led and rate performance from
our UK hotels. Our recently opened art'otel branded properties in London and
Rome continue to build occupancy in line with our revised expectations. Our
Croatian early season and summer period delivered solid results despite poor
weather in August.

 

"While we continue to monitor the volatile macro-economic environment as we
enter an important period for our UK business and margins remain sensitive to
movements in room rates and cost inflation, current trading is in line with
expectations(2). The Board's outlook for FY 2025 is unchanged from previous
guidance."

 

Q3 Financial highlights:

 

 ·             Reported total revenue increased by 5.2% to £155.9 million (Q3 2024: £148.2
               million). Like-for-like(1) revenue increased by 4.9% to £154.7 million (Q3
               2024: £147.5 million).

 ·             Reported occupancy improved to 80.2% (Q3 2024: 79.5%). Like-for-like(1)
               occupancy increased to 80.8% (Q3 2024: 79.5%).

 ·             Reported RevPAR increased by 2.7% to £140.3 (Q3 2024: £136.6), driven by
               occupancy and average room rate growth. Like-for-like(1) RevPAR increased by
               3.0% to £140.8.

 ·             In the UK, the Group's hotels delivered a solid performance against a strong
               comparative period last year, characterised by a continued increase in
               occupancy and a slight growth in average room rate. Trading in the Netherlands
               and Germany was more subdued, partly due to pressures on both occupancy and
               average room rate, but also a strong comparative period for the Netherlands in
               particular. In Croatia, the Group's hotels, self-catering apartments and
               campsites performed well during the peak trading months, with good rate growth
               more than offsetting a slight reduction in occupancy.

 ·             The Group remains focused on efficiency initiatives and cost control to
               mitigate the impact of Government-led tax increases both in the Netherlands
               and the UK.

 

Operational and strategic highlights:

 

 ·             Recently opened and refurbished hotels continue to build momentum steadily as
               these properties ramp up, supported by excellent guest feedback.

               o                                        The Group's first hotel in Italy, art'otel Rome Piazza Sallustio, opened in
                                                        March 2025 and continues to establish its market position.

               o                                        The phased opening of art'otel London Hoxton continues to be carefully managed
                                                        to maximise the long-term financial potential of the property. The
                                                        25(th)-floor French Mediterranean restaurant, Solaya, opened in September, in
                                                        partnership with Michelin star chef Kenny Atkinson. The restaurant offers
                                                        diners stunning panoramic views of London. The 5,000 sqm of premium office
                                                        space is currently being marketed to prospective tenants.

 

Current trading & Outlook:

 

 ·             Recent trading demonstrated a modest increase in RevPAR driven by marginally
               higher room rates. Forward bookings and activity levels are consistent with
               2024 levels.

 ·             While the Board remains mindful of the challenging backdrop as the Group
               enters an important quarter, the Board confirms that its expectations(2) for
               FY2025 are unchanged from previous guidance.

( )

(1) The like-for-like figures exclude the 2025 results from the newly opened
art'otel Rome Piazza Sallustio, the results of the first three months of 2025
and 2024 from art'otel London Hoxton and the September results of 2024 and
2025 of the recently terminated leasehold of Park Plaza Wallstreet Berlin
Mitte.

 

(2) As at 29 October 2025, PPHE compiled analyst consensus forecast range for
FY 2025 showed a revenue range of £458.4 million to £480.4 million and an
EBITDA range of £136.0 million to £137.8 million.

 

 

Reported key financial statistics

 

For the three months ended 30 September 2025 (unaudited)

 

                     Reported                                          Like-for-like(1)
                     Three months ended  Three months ended  % change  Three months ended  Three months ended  %

30 September 2025
30 September 2024
30 September 2025
30 September 2024

                                                                                                               change
 Total revenue       £155.9 million      £148.2 million      5.2%      £154.7 million      £147.5 million      4.9%
 Total room revenue  £108.0 million      £104.0 million      3.8%      £107.1 million      £103.3 million      3.6%
 Occupancy           80.2%               79.5%               70 bps    80.8%               79.5%               130 bps
 Average room rate   £174.9              £171.8              1.8%      £174.2              £171.9              1.3%
 RevPAR              £140.3              £136.6              2.7%      £140.8              £136.7              3.0%

 

(1)The like-for-like figures exclude the 2025 results from the newly opened
art'otel Rome Piazza Sallustio, the results of the first three months of 2025
and 2024 from art'otel London Hoxton and the September results of 2024 and
2025 of the recently terminated leasehold of Park Plaza Wallstreet Berlin
Mitte.

 

For the nine months ended 30 September 2025 (unaudited)

 

                     Reported                                          Like-for-like(1)
                     Nine months ended   Nine months ended   % change  Nine months ended   Nine months ended   %

30 September 2025
30 September 2024
30 September 2025
30 September 2024

                                                                                                               change
 Total revenue       £355.8 million      £339.2 million      4.9%      £348.1 million      £338.4 million      2.9%
 Total room revenue  £252.0 million      £242.5 million      3.9%      £246.0 million      £241.8 million      1.7%
 Occupancy           75.3%               73.9%               140 bps   76.0%               73.9%               210 bps
 Average room rate   £160.4              £160.4              0.0%      £159.2              £160.4              (0.8)%
 RevPAR              £120.7              £118.5              1.8%      £120.9              £118.5              2.0%

 

(1)The like-for-like figures exclude the 2025 results from the newly opened
art'otel Rome Piazza Sallustio, the results of the first three months of 2025
and 2024 from art'otel London Hoxton and the September results of 2024 and
2025 of the recently terminated leasehold of Park Plaza Wallstreet Berlin
Mitte.

( )

 

Enquiries:

 

 PPHE Hotel Group Limited                                       Tel: +31 (0)20 717 8600

 Greg Hegarty, Co-Chief Executive Officer

 Daniel Kos, Chief Financial Officer & Executive Director

 Robert Henke, Vice President Commercial Affairs
 h2Radnor                                                       Tel: +44 (0) 203 897 1830

 Iain Daly / Joshua Cryer
 Hudson Sandler                                                 Tel: +44 (0)20 7796 4133

Email: pphe@hudsonsandler.com (mailto:pphe@hudsonsandler.com)
 Wendy Baker / Nick Moore / India Laidlaw

 

 

Notes to Editors

 

PPHE Hotel Group (LSE: PPH) is an international hospitality real estate
company, with a £2.2 billion portfolio, valued as at December 2024 by Savills
and Zagreb nekretnine Ltd (ZANE), of primarily prime freehold and long
leasehold assets in Europe.

 

Through its subsidiaries, jointly controlled entities and associates it owns,
co-owns, develops, leases, operates and franchises(1) hospitality real
estate. Its portfolio includes full-service upscale, upper upscale and
lifestyle hotels in major gateway cities and regional centres, as well as
hotel, resort and campsite properties in select resort destinations. The
Group's strategy is to grow its portfolio of core upper upscale city centre
hotels, leisure and outdoor hospitality and hospitality management platform.

 

PPHE Hotel Group benefits from having an exclusive and perpetual licence from
the Radisson Hotel Group, one of the world's largest hotel groups, to develop
and operate Park Plaza® branded hotels and resorts in Europe, the Middle East
and Africa. In addition, PPHE Hotel Group wholly owns, and operates under, the
art'otel® brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments® and Arena Campsites® brands.

 

PPHE Hotel Group is a Guernsey registered company with shares listed on the
London Stock Exchange. PPHE Hotel Group also holds a controlling ownership
interest in Arena Hospitality Group ('AHG'), whose shares are listed on the
Prime market of the Zagreb Stock Exchange.

 

Company websites: www.pphe.com (http://www.pphe.com/)
 | www.arenahospitalitygroup.com (http://www.arenahospitalitygroup.com/)

 

For reservations:

www.parkplaza.com (http://www.parkplaza.com/)  | www.artotel.com
(http://www.artotel.com/)  | www.radissonhotels.com
(http://www.radissonhotels.com/)  | www.arenahotels.com
(http://www.arenahotels.com/)  | www.arenacampsites.com
(http://www.arenacampsites.com/)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTQKLFLEBLEFBB



            Copyright 2019 Regulatory News Service, all rights reserved