Millennium & Copthorne Hotels PLC (MLC.L)
27 Feb 2017
Feb 17 Millennium & Copthorne Hotels said on Friday rooms revenue fell in 2016 as militant attacks across Europe hurt tourism, while more rooms in major cities and increased competition from non-traditional services hit business elsewhere.
* Group REVPAR for 2016 increased by 6.6 pct to 76.71 stg (2015: 71.98 stg).
Nov 2 Millennium & Copthorne Hotels reported a 28 percent rise in third-quarter profits on Wednesday, boosted by the slump in sterling after Britain voted to leave the European Union which had also attracted more tourists to its London hotels.
Nov 2 Millennium & Copthorne Hotels Plc said that more tourists visited its London hotels thanks to the sharp decline in sterling since Britain voted to leave the European Union, but it added that the outlook for the UK economy remained uncertain.