PPHE Hotel Group (PPH) reported improved occupancy rates in a strong first half and raised its dividend, but supply chain issues have delayed the full openings of flagship art'otel sites in London and Rome. Revenue per available room on a like-for-like basis (excluding new hotel openings) was flat at £110, despite year-on-year occupancy improving from 69.1 per cent to 72 per cent, as room rates fell by more than 4 per cent on the "ongoing normalisation of the leisure booking and corporate mix".