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PPHE Hotel Group Q3 revenue rises on UK and Croatia demand

By Reuters News


Overview

  • UK-based hotel operator's Q3 revenue rose 5.8% yr/yr, driven by London and Croatia

  • Q3 RevPAR increased 6.6%, supported by higher occupancy and room rates

  • Company completed sale of New York development site, using proceeds to repay debt


Outlook

  • Company says Q4 demand and forward bookings remain encouraging

  • PPHE expects 2026 results to be in line with market expectations

  • Company cites geopolitical volatility and fiscal headwinds as ongoing risks


Result Drivers

  • UK DEMAND - Co said strong guest demand across UK hotels supported growth in room rates and occupancy

  • CROATIA PERFORMANCE - Co said Croatian properties delivered a strong summer season

  • NETHERLANDS VAT IMPACT - Co said higher VAT rate in Netherlands led to subdued trading


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

GBP 164.90 mln

Q3 RevPAR

GBP 149.50


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

  • Wall Street's median 12-month price target for PPHE Hotel Group Limited is GBp1,960.00, about 29.1% above its October 28 closing price of GBp1,518.00

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Oct 27 - Hilton misses quarterly revenue estimates, warns of Mideast impact

  • Oct 27 - Hilton beats Q3 adjusted EPS estimates, net income rises

  • Oct 26 - India's ITC Hotels posts higher quarterly profit on rising room sales


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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