Melia : Very decent Q1 earnings. 2025e EBITDA guidance also lifted. Outperform rating confirmed
>Quarterly EBITDA 4% above consensus’ forecasts - Melia published yesterday evening a very good set of Q1 results. Group revenues posted a clear increase (despite negative scope effects, a 5.5% reduction in rooms owned/leased), 11% y-o-y, at € 440m (ODDO BHFe at € 440m, FactSet consensus at € 437m), driven by RevPAR of +15.6% (vs +6.6% in Q4 and +1.4% in Q3), including a 6.4% price increase and noteworthy growth in occupancy rates at 4.6 points. As expected, activity ...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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