PPHE Hotel Group Limited reported revenue results for the year ended December 31, 2015. For the year, the company revenue increased by approximately 12% year-on-year. This performance reflects continued strong demand in the markets in which the company operate and the strong Sterling to Euro exchange rate.
On a constant currency basis, Group hotel revenue increased by approximately 5%. The company reported Group RevPAR grew by 12.1% to 127.3 against 113.6 for 2014. This growth was driven by an 11.3% increase in average room rate to 150.9 against 135.6 in 2014 and 60 bps increase in occupancy to 84.3% against 83.7% in 2014.