• Park Plaza up on estate growth

Park Plaza Hotels this morning reported half-year revenue growth of 38.0% on the year to Eu54.7m and EBITDA growth of 43.3% to Eu10.4m, as the group expanded its estate.

During the period the group added 1,579 rooms to its portfolio. Revpar increased by 4.4% to Eu78.7, with average room rate up 9.6%, against a 3.6 percentage point fall in occupancy while the new openings established their trading patterns.

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