The Spanish hotel chain announced a single dividend payment for 2018 of 0.183 euros/share (+8.9% vs 2017; in line with what was expected), date ex date 5 July and date of payment 9 July. Yield 2.2%.
Santander | To adopt a more optimistic view of the price, we would like to see Meliá increasing its debt exposure to the dollar and solves its profitability problems in leased assets.
Spain is well on track for another record tourism year after welcoming 36.3 million tourists in the first half of 2017, a 11.6% increase from a year earlier, according to the Tourist Movement on Borders (Frontur) survey, released by the National Statistics Institute.
Sonia Ruiz de Garibay (GVC Gaesco) |Spain’s hotel chains NH Hoteles and Meliá are reaping the benefits of their restructuring and the adjustments made in the areas of operating costs and debt reduction. So these stocks are a good bet for locking in profits thanks to their attractive trading ratios.
MADRID | The Innside hotels respond to increasing demand from discerning and sophisticated city travellers prompted by the country’s economic growth.
MAJORCA | The partnership represents the entry of a newly created 100% Chinese hotel brand in Europe, as well as the further consolidation of the expansion strategy of Meliá Hotels International in China.
LONDON | CEO and Vice Chairman of Meliá Hotels International, Gabriel Escarrer signed an agreement for what will become the third hotel for the Majorca-based…