• Revenues up at PPHE
Hotel group PPHE grew revenues 12.3% in the first half to EUR125.4m. Revpar was up 12.3% as occupancy improved 2.5% and average room rates advanced 8.7%.

During the half the company secured funding to build a new hotel in London, and extend another. It plans refurbishments at hotels in London, Amsterdam and Berlin during the second half.
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