Meliá Hotels

Spanish economy 6th April 2022

Spain’s hotels hope to beat pre-Covid levels this Easter week; Meliá, amongst the firms to play the recovery

Bankinter | The big Spanish hotel chains foresee occupancy levels this Easter week beating those prior to the virus. They all coincide in that the outlook is optimistic, despite the uncertainty fuelled by the conflict and escalating fuel prices. And in the majority of cases, they are are confident of exceeding or being very clost to pre-Covid levels during the Easter break. In some case, bookings are up 15% on…

Spanish economy 27th January 2022

Melia’s RevPar could be around 67% of 2019 level vs 43% for the sector in Spain

Renta 4 | Consultancy STR and Cushman & Wakefield have carried out a study on the hotel sector in Spain, comparing estimates for 2021e with the figures for 2019. Revenue per room (RevPar) in 2021e will be around 43% of the 2019 level, mainly due to the decline in occupancy (-43,4 pp vs 2019 to 36%) as prices would remain around 2019 levels. At Renta 4 Banco we expect less of a…

Ibex, Markets, Spanish economy, Uncategorised 1st October 2020

Meliá Takes The Advantage Of The Chinese Tourism Recovery Opening Its Fifth Hotel In The Country

According to the China Tourism Academy, more than 90% of hotels and tourist attractions in the country have reopened along with around 60% of travel agencies after containing the pandemic. Against this backdrop, Meliá Hotels has resumed work on an expansion plan which aims to double its presence in China within two years, from 5 to 10 hotels in operation. The reactivation of the domestic market have encouraged the company to open an ultra-luxury urban resort in Chengdu this week.

Ibex 22nd June 2019

Meliá: unique dividend for 2018 of 0.1830 euros/share

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%.

Ibex 26th September 2018

Santander sets new target price for Melia: €14.1

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.

Spanish economy 1st August 2017

Spain on course for another record tourism year after strong first half

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.

Companies 7th March 2017

It’s time to focus on Spain’s hotel stocks NH Hoteles and Melia

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.

Companies 3rd June 2013

Meliá Hotels to build, operate five Innside in Chile

MADRID | The Innside hotels respond to increasing demand from discerning and sophisticated city travellers prompted by the country’s economic growth.

Companies 14th December 2012

State-owned Greenland opens China’s door to Meliá Hotels

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.

Companies 20th January 2012

Manchester gets the Meliá treatment

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 company in the UK: the Innside Manchester Hotel. Meliá Hotels International is the world’s largest resort hotel company and the largest hotel chain in Spain, and is third in the European ranking. The deal confirms its interest in the UK, “one of the most important markets…