PPHE HOTEL GROUP LIMITED - Interim Results for the six months ended 30 June 2026

PPHE Hotel Group Limited reported solid H1 2026 financial results, with like-for-like revenue increasing 4.7% to £208 million and EBITDA rising 8% to £49 million, driving a 50-basis-point improvement in EBITDA margin to 23.5%. UK performance was particularly strong, supported by meetings and events demand and the continued ramp-up of art’otel London Hoxton, while the Group successfully mitigated much of the impact from higher hotel VAT in the Netherlands. Like-for-like RevPAR increased 3.1%, reflecting a 3.2% rise in average room rates and stable occupancy of 72.5%. PPHE continued to strengthen and simplify its balance sheet, including the £147.9 million acquisition of the Park Plaza London Waterloo freehold and the US$33.5 million disposal of its New York development site. Looking ahead, management remains focused on operational efficiencies, technology-led transformation and maximising shareholder value, while summer trading remains in line with full-year 2026 consensus expectations. The Group also sees further growth opportunities from maturing assets, including art’otel London Hoxton and the upcoming launch of its One Rivington co-working concept.