PPHE hails Olympic set of results

PPHE Hotel Group, the owner of Park Plaza Hotels & Resorts, yesterday reported record full-year results, with revenues up 19.6 per cent to €242.1m. The company said its London hotels performed particularly strongly during the Olympic Games, helping to drive pre-tax profits of €67.6m, up from €10.6m last year. Revenue per available room improved 9.4 per cent to €101.3m from €92.6m last year.