Polish Hotel Holding Reports Revenue Growth – Results for the First Three Quarters of 2025

Polish Hotel Holding (PHH) has summarized its financial results for the January–September 2025 period. Revenue generated by the Polish Hotel Holding Group, which is owned by the State Treasury, amounted to PLN 437.2 million in the first three quarters of 2025. This represents an increase of more than PLN 31 million (nearly 8%) compared with the corresponding period of 2024. The main driver of growth was PHH Sp. z o.o., which generated revenue of PLN 222.1 million, more than PLN 11 million (5.5%) higher than in the first three quarters of the previous year.

The Group’s gross operating profit (GOP) amounted to PLN 129 million, up 11% compared with the corresponding period of 2024. PHH Sp. z o.o. recorded GOP of approximately PLN 82 million, 12.5% higher than in the first nine months of the previous year.

EBITDA for the period under review amounted to PLN 117 million for PHH, representing an increase of nearly 20% year on year, while the Group recorded EBITDA of PLN 119.8 million, up nearly 14%.

As in 2024, PHH recorded increases in ADR (average daily rate) and RevPAR (revenue per available room), reflecting the effectiveness of its sales activities. Room occupancy at PHH properties stood at 77.4% during the period under review. The average daily rate in the first nine months of the current year was PLN 425.05, compared with PLN 419.02 in the corresponding period of 2024. RevPAR reached PLN 329.03 in 2025, 4% higher than in the previous year.

“The results for the first nine months of 2025, which show growth across all key indicators, clearly confirm that our strategy is delivering the expected results and strengthening the position of Polish Hotel Holding. We consistently invest in the modernization of our properties, which improves their financial performance and creates places where every guest feels special,” says Rafał Kincer, President of Polish Hotel Holding. “We have now launched modernization projects worth PLN 400 million, covering four hotels located in Zakopane, Szklarska Poręba, Kołobrzeg and Podczele. This undertaking combines the tradition of Polish resorts with modern service standards, while also giving a new function to properties with a health-resort profile. As a result, our offering will respond even more effectively to guests’ expectations – both those seeking leisure and recreation and those requiring professional healthcare and rehabilitation,” he adds.