Intermoney | On Monday afternoon, Meliá published a new valuation of its property assets, which was carried out by CBRE. In it, the value of the assets under ownership totalled 4.041 billion euros, to which is added the 600 million for the company’s participation in assets held under joint ventures. This would imply an increase of 5.8% in the valuation vs 2018, when the last one was carried out, despite…

Bankinter | The big hotel chains are confident that the tourist boom will last until, at least, the end of the year. That said, many of them are already seeing a reduction in the demand growth curve which anticipates a cooling in consumption in the medium-term. Meliá in particular expects to exceed 2019 figures this Christmas, also anticipating a revival in the urban hotel business at end-year or the start…

Bankinter | We foresee strong demand with stable margins, at levels close to those of 2019, despite the global economic slowdown. Main supports: (i) Higher cost of energy will favour the demand for resorts in the Canary Islands, during the autumn and winter; ii) Events and conference activity is starting up again; iii) Nearly 30% of revenues come from North American clients, where the economy and consumption look more solid….

Link Securities | Meliá Hotels is accelerating the sale of its properties and increasing its bet on management contracts and franchises, the daily Cinco Dias said today. Meliá, with a portfolio of 330 hotels and a further 48 signed for the next few years, was dragged down in financial terms during the pandemic by having to maintain its own hotels without any activity going on. So last Tuesday, the hotel chain…

Bankinter | Meliá (MEL) has flagged that the occupancy rates this summer have remained slightly below those of 2019 – an extraordinary year for Spanish tourism. However, there has been a hike in tariffs of “two high digits”, so revenues could beat those registered in the summer of 2019. The company has also expressed optimism with respect to the final quarter of the year. The booking figures reflect a continuing…