PPHE Hotel Group has reported higher profit for 2014, driven by strong revenue growth on the back of higher room rates, improved occupancy and revenue per available room, as well as portfolio expansion.
The hotel group, which operates under the brands Park Plaza Hotels & Resorts and art'ote, has seen total group revenue rise by 10.5% to €270.4m (£196.7m), while revpar was up 12% to €113.6 (£82.6).
On a like-for-like, constant currency basis, underlying group revenue increased by 6.1% to €253.2m (£184.1m), which PPHE said reflected a strong performance across all regions.
Finally, EBITDA rose by 14.6% to €94.8m (£68.9m), delivering a reported EBITDA margin of 35.1%. On a like-for-like basis, EBITDA was up by 14.5% to €93.6m (£68.1m).
PPHE operates 38 owned, leased, managed and franchised hotels across Europe, five of which are situated in London with further UK hotels in Nottingham, Leeds, Cardiff and Belfast.