Melia : Continued momentum in Q4 which strengthens our Outperform rating on the stock
>Full-year results a shade above forecasts, Spain drives the group’s performance in Q4 - Yesterday evening, Melia reported 2023 results that beat expectations. Full-year revenue at group level was € 1,932m (Visible Alpha consensus at € 1,881m, ODDO BHF at € 1,823m), up 14% y-o-y. These figures reflect the continuation of strong activity with RevPAR at owned/leased hotels up 10.6% y-o-y in Q4 (vs +6.6% in Q3 and +15.4% in Q2). By region, we note the exceptional perform...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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