• Park Plaza sees ongoing rate pressure

Park Plaza Hotels said that it expected to see pressure on rates for the remainder of the year.

Speaking at the group’s AGM, Boris Ivesha, president and CEO, said that trading conditions remained "challenging", although he did not expect any further significant deterioration in the economic and trading environment. Trading remained in line with the board’s expectations.

See the full release here:
http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10624909

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