Actualización de negociación de fin de año
25 de enero de 2024
PPHE Hotel Group Limited
("PPHE" o el "Grupo")
Actualización de negociación de fin de año
FY23 revenue and EBITDA above previously upgraded expectations
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces a trading update for the year ended 31 December 2023.
Al comentar sobre los resultados, Boris Ivesha, presidente y director ejecutivo de PPHE Hotel Group, dijo:
"2023 was a year of strong financial and operational progress at PPHE, and a year in which we fully recovered to pre-pandemic levels. Significant progress has been made on our extensive development pipeline with benefits from these developments expected to begin to come through in 2024. Furthermore, building on the performance throughout the year, trading momentum towards the end of the year and into 2024 has remained positive and we expect to continue to rebuild occupancy as room rate growth normalises. As a result, we now expect to deliver full year results above our previously upgraded expectations and we enter 2024 optimistic for a further strong year for the Group."
Aspectos financieros más destacados
· FY 2023 results are expected to be above expectations with revenue of at least £413.0 million (previously £400.0 million) and EBITDA of at least £127.0 million (previously £120.0 million).
· Reported Group room revenue for the year was £300.1 million, up 26.2% vs 2022 (2022: £237.8 million). Reported RevPAR was £120.7, up 25.5% vs 2022 (2022: £96.2), reflecting a sustained increase in occupancy throughout the year of 72.4% (2022: 60.0%) and an average room rate increase of 4.0% to £166.8 (2022: £160.4).
· The UK and The Netherlands remained consistently buoyant across both leisure and corporate travel, as well as meetings and events activity, driving in particular occupancy growth and also average rate in both regions. Croatia saw solid demand despite greater competition from other leisure destinations over the summer period, and the recovery in Germany continued to build throughout 2023.
· External property valuations received in December 2023 were marginally above 2022 levels. These valuations will be disclosed and incorporated in the Group's EPRA NRV, which will be reported in the full year results due on 29 February 2024.
· Overall forward booking levels are consistent with those at this point in 2023 with the mix of corporate and leisure bookings beginning to normalise towards pre-pandemic levels in 2019. On account of this mix and the rapid growth in average room rate throughout the past three years, average room rate is now showing signs of stabilisation with occupancy gaining momentum.
Destacados estratégicos
· On track with £300+ million pipeline which is nearing completion in H1 2024, including recent and upcoming openings:
o art'otel Zagreb, the Group's first art'otel in Croatia's capital, soft opened in October 2023. The hotel has been generating excellent customer feedback and is expected to be fully open by the end of Q1;
o Radisson RED, Belgrade, Serbia, work is nearing completion and the hotel is scheduled to open in early February 2024, following an extensive repositioning. This is our second hotel to open under the extended partnership with Radisson Hotel Group;
o art'otel London Hoxton, UK will launch in H1 2024. Early customer interest has been very encouraging; and
o art'otel Rome Piazza Sallustio, Italy will open in H1 2024 following an extensive repositioning.
· As announced previously, once stabilised, it is anticipated that these assets will deliver at least £25 million of incremental EBITDA to the Group.
· As announced on 23 January 2024, our existing Park Plaza Berlin Kudamm hotel will be re-opening in late Spring 2024 as the Radisson RED Berlin Kudamm. This is our second Radisson RED property to open and the third under the Group's expanded partnership with Radisson Hotel Group.
· On 27 November 2023, we announced that we had received planning consent to develop a 179-room hotel in a predominantly subterranean space of our Park Plaza Victoria London property. This new hotel will have its own brand concept with a dedicated entrance and facilities and services. Detailed planning for this value accretive development is currently underway.
The Company intends to report its audited 2023 Annual Results on 29 February 2024.
- Termina -
Consultas:
PPHE Hotel Group Limited | Tel.: +31 (0) 20 717 8600 |
Daniel Kos, director financiero y director ejecutivo | |
Robert Henke, vicepresidente ejecutivo de asuntos comerciales | |
hudson sandler | Tel.: +44 (0) 20 7796 4133 |
Wendy Baker / Charlotte Cobb / India Laidlaw |
Notas para los redactores:
PPHE Hotel Group es una empresa inmobiliaria de hostelería internacional, con una cartera de 2.0 millones de libras esterlinas, valorada en diciembre de 2022 por Savills y Zagreb nekretnine Ltd (ZANE), de activos principalmente de propiedad absoluta y arrendamiento a largo plazo en Europa.
A través de sus subsidiarias, entidades controladas conjuntamente y asociadas, es propietaria, copropietaria, desarrolla, alquila, opera y otorga en franquicia bienes inmuebles hoteleros. Su cartera incluye hoteles de lujo de servicio completo, de lujo superior y de estilo de vida en las principales ciudades de entrada y centros regionales, así como propiedades de hotel, resort y camping en destinos turísticos seleccionados. La estrategia del Grupo es hacer crecer su cartera de hoteles centrales de lujo en el centro de la ciudad, ocio y hospitalidad al aire libre y plataforma de gestión de la hospitalidad.
PPHE Hotel Group se beneficia de tener una licencia exclusiva y perpetua de Radisson Hotel Group, uno de los grupos hoteleros más grandes del mundo, para desarrollar y operar hoteles y complejos turísticos con la marca Park Plaza® en Europa, Oriente Medio y África. Además, PPHE Hotel Group posee y opera bajo la marca art'otel® y su subsidiaria croata posee y opera bajo las marcas Arena Hotels & Apartments® y Arena Campsites®.
PPHE Hotel Group es una empresa registrada en Guernsey con acciones que cotizan en la Bolsa de Valores de Londres. PPHE Hotel Group también tiene una participación mayoritaria en Arena Hospitality Group, cuyas acciones cotizan en el mercado Prime de la Bolsa de Valores de Zagreb.
Sitios web de la empresa: www.pphe.com | www.arenahospitalitygroup.com
Para reservaciones:
www.parqueplaza.com | www.artotel.com | www.arenahotels.com | www.arenacampsites.com
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