PPHE Hotel Group (PPH) 2012年年度报告「LSE」.pdf

1、PPHE Hotel Group Annual Report 2012 creatingfuturevalueAnnual Report 2012Welcome to our 2012 Annual Report.A year in which we excelled and broke many records,a year in which we took yet another leap forward.We invite you to read about our achievements and how we created and are creating future value

2、 for our stakeholders.Key strengths Integrated and entrepreneurial approach hotel development,design,construction,ownership and operation Profitableniche expanding affordable luxury with upscale hotels in major gateway cities and regional centres Globalpartnership powerful distribution network throu

3、gh the Carlson partnership Pipeline significant portfolio and brand growth potential through organic and external expansion Financial track record driving top line growth and delivering industry leading profit margins Management team highly experienced,streamlined and closely involved senior managem

4、ent team Flexiblepartnershipsolutions aligned with stakeholders to tailor the right arrangement for each hotel or hotel projectContentsOverview 4 A summer like no other 6 Three new resorts in Croatia 8 Guest satisfaction at an all time high 10 Chairmans statement 11 Group at a glance 12 Key performa

5、nce indicatorsStrategic review 16 Chief Executive Officers statement 18 Our business model 19 Our strategy and performance 20 Strategic objectivesBusiness review 34 Chief Financial Officers statement 36 United Kingdom 38 The Netherlands 40 Germany and Hungary 42 Management and Holdings Operations 44

6、 Croatia 46 Corporate Social ResponsibilityGovernance 50 Board of Directors 52 Directors report 56 Corporate governance 60 Report of the Remuneration Committee and Directors Remuneration ReportFinancial statements 63 Consolidated statement of financial position 64 Consolidated income statement 65 Co