PPHE Hotel (LON:PPH) - Beating the post-Olympic blues
Jan 28th 2013 - Edison Investment Research today published a report on PPHE Hotel (PPH.L, LSE:PPH, LON:PPH) entitled "Beating The Post-Olympic Blues". In summary, the report says:
PPHE has contradicted recent industry gloom by delivering continued buoyancy in key Q4 trading and a promise of full-year results (due early-March) well ahead of expectations. Once again, the company’s flagship asset, Westminster Bridge, looks to have stolen the show with impressive double-digit RevPAR gain. We are therefore raising our 2012 EBITDA forecast by €4m, with a larger impact at the PBT and EPS level thanks to operational gearing. While London 2012 is a hard act to follow, PPHE’s ability to outperform and increase room rate on historically high occupancy may again surprise in 2013, as may the forthcoming update on asset management.
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