Revenues climb for PPHE’s hotels

PPHE Hotel Group announced a jump in revenue yesterday, with the amount made per available room in the first quarter up 11.7 per cent when compared to the same period in 2013, rising to €89.8 (£73.12). Total revenue climbed by slightly more, up 12.4 per cent to €54.6m in total. The upmarket firm also reported success in the turnaround of a Croatian hotel, which will offer over 400 rooms and open again this quarter.