Profitable call: Meliá Hotels reports strong results and expansion plans

The hotel company Meliá Hotels International (MHI) concluded its conference on the results of the 2023 financial year on a positive note, highlighting a year of stable demand and strong performance across all regions. The company reported significant increases in revenue per available room (RevPAR) for both owned and leased hotels, as well as system properties, attributing the growth to rising prices and a recovery in volume. Consolidated revenues grew by 14.8%, reaching €1.929 billion, and direct sales through melia.com increased by 17.4%.

Key points

• RevPARThe number of owned and leased hotels increased by 17.3% over the entire year, while system properties raised their RevPAR by 10%.
• Consolidated revenues increased to €1,929 million, which is a 14.8% increase.
• Direct sales through melia.com increased by 17.4%.
• Operating expenses increased by 12.6%, but EBITDA exceeded the target and amounted to €486 million.
• Net profit reached €117.7 million, with net debt reduced to €2.613 million.
• The company signed 26 new hotel agreements and opened 12 hotels in 2023.
• Customer satisfaction levels have reached a record high, and the demand for bookings remains strong.

Company projects

• Meliáaims to reduce net debt to EBITDA by 2.5 times by 2024.
• The company's plan for 2024 includes the opening of 4,500 new rooms, excluding cancellations.
• As part of the asset plan for €50 million, the sale of a stake in the company's asset program in the Dominican Republic is planned.
• Plans for refinancing are aimed at €280 million for this year, with the goal of ensuring a borrower profile of around €150 million annually.

This news adds confidence and optimism for the future of Meliá Hotels International, which is focused on sustainable growth, strengthening its budget, and maintaining high-quality service for its clients.