It’s been a busy checkout desk for PPHE Hotel Group — not just at its properties, which include the Park Plaza brand, Arena hotels and the art-inspired chain art’otel, but for investors. Its shares are down 19 per cent on this time last year and a third cheaper than they were five years ago, now standing at £10.40. While stock in some industry rivals, such as InterContinentalHotels Group, have stormed well ahead of their pre-Covid price, PPHE is still suffering.
Is it worth investors booking a stay? The firm’s most recent trading update, for the three months to September 30, showed positive trends: revenues rose 9 per cent to £141 million and higher occupancy, as well as slightly higher prices, helped lift revenue per available