Analyst Research Report Snapshot

Title:

PPHE HOTEL GROUP - BEATING THE ODDS

Price:

$10.00

Provider:

Edison Investment Research

Date:

06 Nov 2013

Pages:

1

Type:

AcrobatPDF

Companies referenced:

PPH.L

Available for Immediate Download
Summary:

PPHE’s apparent resilience in London, its major profit source, is impressive – RevPAR seems almost to have been maintained in Q3, despite the market being down by c 3-5% on demanding Olympic comparatives. Continued encouraging trading suggests that our full-year forecasts may prove cautious in view of the potential for lucrative rate-led RevPAR on near-capacity occupancy, and the scope for the company’s operational gearing to surprise, as was markedly the case last year.

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