NH Hotels - 3Q16 Results
Once again, NH Hotels posted remarkable improvements year on year, in line with the strong pace already witnessed in Q1 and Q2. The company continued to leverage its recently upscaled hotel portfolio to successfully increase pricing as witnessed with the 5.8% improvement in average daily rate (‘ADR’). More positively, higher pricing did not affect occupancy, slightly rising by 1p.p. to 73%...
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