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Elegant Hotels Group Plc

Elegant Hotels Group plc “bookings tracking ahead of last year, same period”

Elegant Hotels Group plc LON:EHG the owner and operator of seven upscale freehold hotels and a beachfront restaurant on the island of Barbados, issues the following trading update in relation to the year ended 30 September 2017.

Trading since the interim results in June has remained in line with market expectations. Whilst the Group is only 12 days into its new financial year, it is pleased to report that bookings are currently tracking ahead of the same period last year.

The Group also confirms that Treasure Beach hotel is on track to reopen for business at the start of the peak tourist season. Treasure Beach is a 4-star, 35-room hotel in Barbados which the Group acquired in May 2017. The project of refurbishing, repositioning and ultimately repricing the property is progressing to plan.

The Company intends to announce its full year results for the year ended 30 September 2017 on Tuesday 9 January 2018.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.