PPHE Hotel Group (LSE:PPH) delivered higher revenue and earnings in the first half of 2026, supported by resilient trading across its hotel portfolio and continued progress with its strategy to optimise assets and strengthen the balance sheet.
Revenue increased 4.7% to £209.3 million, while revenue per available room, or RevPAR, advanced 3.9%. EBITDA climbed 6.3% to £48.4 million, accompanied by an improvement in margins. Adjusted EPRA earnings per share for the trailing 12 months remained stable, supporting an interim dividend of 17 pence per share.
The London-listed hospitality real estate group, which operates brands including Park Plaza, art’otel and Arena, said trading remains in line with market expectations despite ongoing macroeconomic and fiscal pressures. Performance has been supported by strength across its UK hotels alongside an increasing contribution from recently opened properties as they mature.
PPHE also made progress with initiatives aimed at simplifying its capital structure and concentrating investment on its core European markets. During the period, the group acquired the freehold of Park Plaza London Waterloo, refinanced the loan associated with its art’otel property in Rome and agreed the disposal of a development site in New York.
These transactions are expected to provide greater flexibility for the group to redeploy capital towards its established markets and development pipeline while continuing to optimise its property portfolio.
PPHE has also brought its formal sale process to an end following the collapse of a proposed cash offer from Fattal Hotel Group after major shareholder Euro Plaza Holdings opposed the transaction.
With the strategic review now concluded, PPHE is maintaining its focus on generating shareholder value through operational performance, portfolio optimisation and the continued development and maturation of properties across its markets.
More about PPHE Hotel Group
PPHE Hotel Group is an international hospitality real estate company with a portfolio valued at approximately £2.4 billion, comprising predominantly prime freehold and long leasehold assets across Europe.
The group owns, develops, leases, operates and franchises upscale and lifestyle hotels, resorts and campsites. It holds an exclusive Radisson licence for the Park Plaza brand across EMEA and also owns the art’otel and Arena brands.
Registered in Guernsey and listed on the London Stock Exchange, PPHE holds a controlling interest in Croatia’s Arena Hospitality Group. Its growth strategy centres on upper-upscale city-centre hotels, leisure and outdoor hospitality, and expanding its management platform across major gateway cities and selected resort destinations.
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