#tradingfloorai | #PPH |  #Revenuegrowth #Revenuewasup #Revenuegrewb | Here is a summary of the trading statement from PPHE Hotel Group Limited:

- PPHE Hotel Group, an international hospitality real estate group, provided a trading update ahead of its 2024 financial year results.
- The Group expects its 2024 total revenue and EBITDA to be in line with market expectations.
- Q4 showed positive growth with a 2.6% increase in like-for-like room revenue and a 2.5% increase in RevPAR, driven by stronger performance in the UK and occupancy growth across all operating markets.
- Reported Group room revenue increased by 5.7%, including contributions from new openings.
- Like-for-like Group room revenue grew by 2.1%, with growth in all operating markets except the UK, despite a weaker Euro impacting revenue.
- Reported RevPAR was stable, while like-for-like RevPAR increased by 1.0%, driven by increased occupancy across all markets, particularly in Germany.
- External property valuations received in December 2024, including the artotel London Hoxton, were marginally above 2023 levels.
- The Group is making progress on its £300 million+ development pipeline, with recent openings and ongoing projects in London, Rome, Belgrade, Berlin, and Zagreb.
- PPHE Hotel Group continues to focus on rebuilding occupancy, growing revenue, and managing cost pressures, expecting occupancy and RevPAR to build and contribute to incremental EBITDA.

The full financial results for 2024 are expected to be announced on February 27, 2025. Read More@: