Melia : Clear skies until at least Q3. Target price lifted to € 9.0 (vs € 8.2)
>A remarkable performance at the start of the year - Melia published a very decent set of Q1 results, driven on the top line by double-digit growth in Spain and the Americas region (+24% and +15% for RevPAR, respectively), two markets that account for close to 75% of hotel EBITDA. This strong recovery in RevPAR is reflected in both prices (growth of 6.4% at group level whereas the average for the European hotel sector showed very weak growth) and the occupancy rate w...Melia Hotels International is the parent company of a group engaged in the acquisition, management and operation of hotels. Co. operates its hotel network in Germany, Argentina, Brazil, Bulgaria, Cabo Verde, Chile, China, Costa Rica, Croatia, Cuba, Egypt, Spain, United States, France, Greece, Netherlands, Indonesia, Italy, Luxembourg, Malaysia, Mexico, Panama, Peru, Portugal, Puerto Rico, United Kingdom, Dominican Republic, Singapore, Switzerland, Tunisia, Uruguay, Venezuela and Vietnam under the followings brandnames: Paradisus Resorts®, Melia Hotels & Resorts®, TRYP Hoteles® and Sol Hotels & Resorts®.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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