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New London hotels boost Park Plaza parent as industry booms

Mar 01, 2018 - City A.M.

REVENUES jumped at PPHE Hotel Group in 2017, thanks to new shiny new London hotels.

The full opening of Park Plazas in London Waterloo and Park Royal added 706 rooms to the group's portfolio.

PPHE's revenue jumped 19 per cent to £325.1m, while pre-tax profits crept up one per cent to £32.1m.

The group proposed a final dividend of 13p per share.

The news came amid a flurry of updates from hotel companies, as the industry booms.

Melia Hotels also released results ye...