• Tough 2013 for PPHE

Hotel group PPHE has reported revenues up 2% in 2013, helped by taking ownership of Dutch hotels and an Amsterdam opening. Like for like revenues were flat, as an occupancy-led strategy was used in challenging market conditions, particularly in Holland.

The company also noted that prior year comparisons were with a strong 2012, helped by the London Olympics. Results are expected to be in line with expectations.
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http://otp.investis.com/clients/uk/park-plaza/rns/regulatory-story.aspx?cid=130&newsid=388150

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