Melia : Q3 results in line, annual guidance confirmed
>Q3 figures in line with estimates - Melia Hotels has published Q3 results that are broadly in line with expectations. Group revenues came in at € 584.1 million (ODDO BHF: € 587.3m; Visible Alpha consensus: € 596.8m), representing growth of 3.3% y-o-y. RevPAR rose by 10.7% y-o-y, thanks to a 10.3% y-o-y increase in average prices while occupancy rates were virtually flat at +0.3 pt. By region, RevPAR rose sharply in Europe (up 15.1% y-o-y, of which +14.5% in Germany a...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®.
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