Melia : Further upside in 2024. Target price increased to € 8.2, Outperform rating confirmed
>Brisk business in Q4 driven by Spain - Melia’s full-year results came in +2% ahead of expectations on EBITDA. This performance reflected brisk activity in Q4, thanks mainly to Spain (45% of Melia’s revenues), which largely outperformed the other regions, and a notable improvement in the Americas region compared with a challenging Q3. We already expected that Spain would outperform in Q4 (as reflected in STR market figures), but the 22% increase in RevPAR was a surpri...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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