Melia : Signals converge towards a marked upturn in leisure demand for the summer, positive read-across for Melia (Outperform, target price up to € 8.0)
>All of the signals point to a strong upturn in leisure demand for the summer - The impacts of Omicron have actually been less damaging than anticipated. Restrictions have been eased as this fifth wave has already started to wane in several European markets. There are also other positive signals coming from leisure operators, notably TUI, which at the publication of its Q1 results announced that the hotel activity had largely rebounded over the quarter to end-Decembe...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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