PPHE Hotel Group saw revenue rise by more than 27% to €66 million in the three months to September.
The company, previously known as Park Plaza Hotels, was boosted by the London Olympics although the build up to the games produced a weaker performance in July.
The chain, which has 39 hotels, said today: “Despite volatility in the European hotel sector, the London hotel market has performed strongly.
“In addition, the group remains focused on tightly managing costs and driving operational efficiencies. As a result, the board expects the full year results to be ahead of company expectations.”
President and chief executive Boris Ivesha said: “We are pleased to report a 27.5% growth in revenue for the third quarter of 2012, primarily as a result of our increased hotel ownership in the Netherlands and a particularly strong performance of our hotels in the United Kingdom.
“In summer we benefited strongly from the various sports events held in London, although this was partly offset by a softer-than-usual July performance in the build up to the London Olympics and Paralympics.
“Our performance to September 30 has been encouraging and with the significant renovations completed earlier this year at several of our hotels, we anticipate further performance improvements ahead.”