Year-end Trading Update
Summary by AI BETAClose X
28 January 2026
PPHE Hotel Group Limited
("PPHE" or the "Group")
Year-end Trading Update
Solid Q4 delivery, with full-year results in line with market expectations1
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce a trading update in advance of the Group's results for the year ended 31 December 2025 ("2025"), which are due to be announced on 26 February 2026.
Commenting on the trading update, Greg Hegarty, Co-Chief Executive Officer, PPHE Hotel Group said:
"2025 was another year of financial and strategic progress for PPHE Hotel Group, achieved against a volatile macroeconomic and geopolitical environment. We are encouraged by our solid delivery in the final quarter of the year, with full year results expected to be in line with market expectations.
We completed our largest-ever investment programme, marked by the opening of art'otel Rome Piazza Sallustio, and we continued to establish the market positions of our recently opened and repositioned properties, including that of the art'otel London Hoxton, to maximise the long-term financial potential of these properties. Our long-term pipeline was strengthened with the acquisition of a mixed-use development site near the City of London."
Highlights & updates
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The Group's 2025 total revenue and EBITDA are expected to be in line with market expectations1.
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In Q4 2025, good trading momentum delivered Group room revenue growth of 4.9% and RevPAR growth of 5.0%, which was the result of a 7.8% increase in average room rate and foreign currency exchange rate tailwinds compared with Q4 2024. Like-for-like2 Group room revenue in Q4 grew by 4.6% and RevPAR increased by 3.6%.
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For 2025, reported Group room revenue is expected to be £330.4 million, an increase of 4.2% (2024: £317.2 million). Like-for-like2 Group room revenue increased by 2.4%.
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Reported RevPAR in 2025 improved by 2.6% to £123.4 (2024: £120.3), supported by a 1.7% increase in average room rate to £164.3, and a marginal increase in occupancy to 75.1% (2024: 74.5%). Like-for-like2 RevPAR increased by 2.4%, average room rate increased by 0.7%, whilst occupancy increased by 130 bps.
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The Group's UK hotels delivered a solid performance, with room revenue and RevPAR growth driven by occupancy growth and stable average room rate delivery. In the Netherlands and Germany, overall trading in the year was subdued, with pressures on both occupancy and average room rate. In Croatia, the Group's hotels, self-catering apartments and campsites all performed well during the peak summer months, with strong average room rate growth, alongside stable year-on-year occupancy.
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The Strategic Review process announced by the Company on 21 November 2025 remains ongoing. The Company will update the market in due course.
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1As at 27 January 2026, PPHE compiled analyst consensus forecast for 2025 showed a Reported total revenue range of £458.4 million to £469.0 million and a Reported EBITDA range of £133.2 million to £137.8 million.
2 The like-for-like figures exclude the 2025 results from the newly opened art'otel Rome Piazza Sallustio, the results of the first three months of 2025 from art'otel London Hoxton and the last four months of 2024 of the recently terminated leasehold of Park Plaza Wallstreet Berlin Mitte.
Enquiries:
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PPHE Hotel Group Limited Greg Hegarty, Co-Chief Executive Officer Daniel Kos, Chief Financial Officer & Executive Director Robert Henke, Executive Vice President Commercial Affairs |
Tel: +31 (0)20 717 8600 |
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h2Radnor Iain Daly / Joshua Cryer |
Tel: +44 (0) 203 897 1830 |
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Hudson Sandler Wendy Baker / Nick Moore / India Laidlaw |
Tel: +44 (0)20 7796 4133 |
Notes to Editors
PPHE Hotel Group (LSE: PPH) is an international hospitality real estate company, with a £2.2 billion portfolio, valued as at December 2024 by Savills and Zagreb nekretnine Ltd (ZANE), of primarily prime freehold and long leasehold assets in Europe.
Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates and franchises hospitality real estate. Its portfolio includes full-service upscale, upper upscale and lifestyle hotels in major gateway cities and regional centres, as well as hotel, resort and campsite properties in select resort destinations. The Group's strategy is to grow its portfolio of core upper upscale city centre hotels, leisure and outdoor hospitality and hospitality management platform.
PPHE Hotel Group benefits from having an exclusive and perpetual licence from the Radisson Hotel Group, one of the world's largest hotel groups, to develop and operate Park Plaza® branded hotels and resorts in Europe, the Middle East and Africa. In addition, PPHE Hotel Group wholly owns, and operates under, the art'otel® brand and its Croatian subsidiary owns, and operates under, the Arena Hotels & Apartments® and Arena Campsites® brands.
PPHE Hotel Group is a Guernsey registered company with shares listed on the London Stock Exchange. PPHE Hotel Group also holds a controlling ownership interest in Arena Hospitality Group ('AHG'), whose shares are listed on the Prime market of the Zagreb Stock Exchange.
Company websites: www.pphe.com | www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com | www.artotel.com | www.radissonhotels.com | www.arenahotels.com | www.arenacampsites.com
Rule 28 of the Takeover Code
The UK Panel on Takeovers and Mergers has confirmed that the profit estimate constitutes an ordinary course profit forecast for the purposes of Note 2(b) to Rule 28.1 of the Takeover Code, to which the requirements of Rule 28.1(c)(i) of the Takeover Code apply.
Directors' confirmation
The directors have considered the profit estimate contained herein and confirm that it remains valid as at the date of this statement, have been properly compiled and the basis of the accounting used is consistent with the Group's existing accounting policies.
Basis of preparation
The profit estimate is based on the Group's current internal unaudited consolidated accounts for the year ended 31 December 2025. The profit estimate is not based on any assumptions. The basis of the accounting policies used in the profit estimate is consistent with the existing accounting policies of the Group, which use 'Alternative Performance Measures' and International Financial Reporting Standards measures as approved by the International Accounting Standards Board and adopted by the European Union.
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