Action Hotels PLC Notice of Interim Results & Trading Update (8378H)

TIDMAHCG

RNS Number : 8378H

Action Hotels PLC

23 August 2016

Action Hotels PLC

("Action Hotels", "Action", the "Group" or the "Company")

Notice of Interim Results and First Half Trading Update

Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, is pleased to announce its interim results will be released on 12 September 2016.

Operational performance was positive for the first half of the year, with both the Group's Middle East and Australian hotels contributing strong average occupancies. The top performers among the Middle East based hotels were once again the Kuwaiti hotels, ibis Sharq and ibis Salmiya, which delivered occupancy rates of 92% and 83% respectively.

The Australian hotels also performed well: the recently acquired ibis Budget Melbourne Airport delivered occupancy rates above 91% and Action's newest and largest hotel, ibis Styles Brisbane, has shown encouraging early trading figures with occupancy of over 51% in its third month since opening.

The Group will have 3,186 rooms upon completion of the pipeline hotel developments.

The board expect the interim results to be in line with market expectations.

For more information contact:

 
 Action Hotels PLC               Tel: +44 (0)20 
                                  7907 9663 
------------------------------  --------------- 
 Alain Debare, Chief Executive 
  Officer 
------------------------------  --------------- 
 Katie Shelton, Director 
  of Corporate Affairs 
------------------------------  --------------- 
 
 
 Zeus Capital Ltd (NOMAD & Broker) 
----------------------------------  ----------------- 
 Dan Bate/Jonny Sharp                 Tel: +44 (0)16 
  Adam Pollock                         1831 1512 
                                       Tel: +44 (0)20 
                                       3829 5000 
----------------------------------  ----------------- 
 
 
 Camarco (Press enquiries)        Tel: +44 (0)20 3757 
                                   4980 
-------------------------------  -------------------- 
 Billy Clegg/ Jennifer Renwick/ 
  Tom Huddart 
-------------------------------  --------------------

Notes to Editors

Action Hotels PLC

Action Hotels is a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. Established in 2005, Action Hotels currently has eleven completed hotels with 2,032 rooms in aggregate across the Middle East and Australia, with further properties in development in both regions.

More information is available at http://www.actionhotels.com/

This information is provided by RNS

The company news service from the London Stock Exchange

END

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