• Resources
  • Blog
  • Journalists
  • Log In
  • Sign Up
  • Data Privacy
  • Send a Release
Cision PR Newswire: news distribution, targeting and monitoring home
  • News
  • Products
  • Contact

 

When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • English-only
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business & Money
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

      • In-Language News

      • Arabic
      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • Sponsored Placement
  • All Products
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO
    • Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • All Products
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR

Meliá Hotels International First Semester Results 2018

Meliá earned 61.8 million euros up to June (+7.2%) thanks to the strength of the business and expects a better third quarter than last year


News provided by

Meliá Hotels International

Aug 01, 2018, 09:00 ET

Share this article

Share this article


PALMA DE MALLORCA, Spain, Aug. 1, 2018 /PRNewswire/ -- Meliá Hotels International has presented results for the first half of 2018, showing earnings of 61.8 million euros, 7.2% higher than the same period in 2017. Company revenues are generated in dollars in a large part of the business and the depreciation of the dollar has had a significant impact on results. In the first quarter, high season in the American travel market, the euro lost 15% of its value against the dollar. Excluding these exchange rate differences, total revenues remained relatively stable, showing a slight increase of 0.5%, and EBITDA excluding capital gains improved by 7.4%. In constant currency terms, RevPAR (Revenue per Available Room) increased by 4.6% thanks to improvements in both occupancy and prices.

The Group also highlights a 109 bps improvement in the Ebitda ex-capital gains, in constant currency terms, and confirms its goal of 150 bps improvement at the end of 2018.

Meliá also continues to enjoy a robust financial situation having reiterated its commitment to keeping the Net Debt/EBITDA ratio to around 2x and having reduced net debt by 13,3 million euros in the first half of the year while also lengthening debt maturity periods. Earnings Per Share (EPS) increased by 7.2% up to June.

Gabriel Escarrer, Executive Vice President and CEO of Meliá Hotels International: "The first half of 2018 was positive for the travel industry, although the international environment continues to present important challenges. Faced with these challenges, the strength and resilience of our hotel business allows us to present positive results for the first semester, especially in constant currency terms after excluding the impact of dollar/euro exchange rate changes which had a particularly strong impact in the first quarter (high season in the Americas). We can confirm a positive forecast for the third quarter, and it is particularly comforting to note that growth in our Mediterranean resorts has not been affected by the recovery of destinations in North Africa and Turkey, ensuring a sustainable growth model over the coming years."

The Group has also published a new asset valuation showing a Global Net Asset Value of 4.386Mn€ (+23,2% versus June 2015's asset valuation)

The Company expects healthy growth in Mediterranean resorts in the summer season, compatible with the recovery of Turkey and North African destinations

The Company remains committed to Spain, with 3 new hotels open up to June in Sitges, Estepona and Calvià.

Business performance:

  • Net Profit increased by 7.2% to €61.8Mn despite the depreciation of the dollar against the euro
  • In constant currency terms, revenues (+0.5%) remained stable in spite of the repositioning process and temporary closure of Puerto Rico after the hurricane
  • In constant currency terms, EBITDA excluding capital gains grew by 7.4% and global RevPAR by 4.6%
  • The MeliaPro B2B platform has grown by over 50% in 3 years
  • Excellent response to the revolutionary hotel concept at The Plaza by Meliá (Magaluf)

Financial management:

  • Net debt reduced by €13,3Mn in the first semester to €580,4Mn, confirming the commitment to a leverage ratio (Net Debt / EBITDA) of 2x
  • The Company further reduced financial expenses thanks to a reduction in the average gross debt, decrease in average interest rates (3.2% versus 3.3% in H1 2017) and lengthening of debt maturities

Asset valuation:

  • New asset valuation places total Net Asset Value (GAV) at 4.386Mn€, an increase of 23,2%
  • Net Asset Value per share (NAV) increased by 21,3% compared to June 2015

Expansion strategy:

  • Meliá signed up 10 new hotels in 2018
  • Up to June, the Company opened 11 hotels, and will open 12 more until the end of 2018
  • The growth pipeline currently includes 63 hotels with 16,000 rooms

Third quarter forecasts:

  • Positive evolution is expected in the third quarter, the strongest period for the Group
  • Meliá has already seen a 4.7% increase in advance sales for the third quarter and expects to improve 2017 figures in Spanish resorts
  • Expected improvement in margins due to greater efficiency, the contribution of newly launched hotels and stronger positioning in the Premium segment

The basis for this resilience is the strength of Meliá's underlying hotel business, which continues to grow the portfolio of hotels through consistent international expansion focused on luxury and upscale hotels in the most dynamic markets in line with the Company's Strategic Plan. Growth is being achieved through low capital intensive formulas, allow greater agility and lower leverage and generating important returns for owners and shareholders. Meliá has signed up 10 hotels until June, all of them under management contracts, and plans to open 12 more managed hotels before the end of 2018, except for the Gran Reserve at Paradisus Palma Real -which is an owned property- .

In line with brand strategy, Meliá also continues to reposition hotels, and has now renovated and repositioned more than two thirds of its portfolio, investing more than 600 million euros with partners over the last 6 years in Spain, and generating extraordinary results in terms of positioning and profitability. Another objective of the Company's strategy is to achieve excellence in the MICE segment (Meetings, Incentives, Congresses and Events). This was strongly reinforced by the opening of the Palma Convention Centre and adjoining hotel Meliá Palma Bay in 2017. After a very positive performance in its first year, exceeding the goal with 9,4 Mn€ Revenue, the new Convention complex has already made Palma a key destination for Spanish and international congresses and events.

Positive news for the semester also includes the excellent market response to the latest Company development in Magaluf, The Plaza by Meliá, which is the final piece in the jigsaw of the extensive renovation and repositioning carried out by the Company in the destination. The project has changed the dynamics and tourist development model in Magaluf, laying the foundations for superior quality, profitable and sustainable tourism in a destination where Meliá holds a dominant position with more than 3,800 owned rooms. In its first month of operation, the new hotel has exceeded financial objectives and become a "positively disruptive" force for the destination.

Digital leadership

As an essential part of its strategy and cultural change, Meliá is focused on a profound transformation and adaptation to the digital environment in the industry and has become one of the most active and pioneering companies on the international stage. The Group is using digital tools and technologies such as Big Data and Artificial Intelligence to drive greater efficiency while also enhancing processes and developing its people and talent. Meliá has also been named one of the most influential hotel chains in social networks, a fundamental driver of digital success.

The Company expects to end 2018 with 70% of its sales through digital channels, of which a significant part comes through the direct B2C channel, melia.com, which has increased sales by almost 100% over the last three years from 337 million euros in 2016 to over 600 million forecast for this year.

The Company has also made a major commitment to its B2B channel, MeliaPro, created to enhance and optimise digital relationships with key business partners such as travel agencies in the Digital environment. Results have been extremely satisfactory with sales through MeliaPro estimated to see growth of more than 50% between 2016 and 2018.

Results by Region - First Semester

AMERICAS

- 4,6% in Euros

+ 6,4% in USD RevPAR

(+) Positive contribution of hotel launches: Paradisus Los Cabos, Innside New York Nomad and ME Miami, despite the impact of the depreciation of the dollar

(+) The Caribbean (Mexico, Dominican Republic and Jamaica) see important growth

(-) Negative impact of Venezuela and hurricanes in Puerto Rico

Outlook Q3: Expected to improve on results for the previous year, strongly affected by hurricanes Irma and María.

EMEA

+0.4% RevPAR

(+) France recorded the strongest growth (+21.7% in RevPAR) followed by Italy (11%) and other markets.

(-) Slight decrease in RevPAR in UK due to the Pound depreciation and in Germany, where the absence of some trade fairs and the bankruptcy of Air Berlin neutralised the strong performance of newly launched hotels.

Outlook Q3: positive expectations in all markets thanks to the economic situation and political stability supported by new sales campaigns.

MEDITERRANEAN

+ 4.2% RevPAR

(+) Strong demand in Spain despite Easter falling in March, the weather which penalised the second quarter and the recovery of competing destinations such as Tunisia and Turkey, with the best results in the Balearic Islands (+5.5%)

(+) ME Sitges Terramar, Sol Marbella Estepona-Atalaya Park and Calvià Beach The Plaza, new and successful hotel additions.

(+) Cabo Verde sees a positive performance.

Outlook Q3: High season in Spain and 4.1% sales growth in advance bookings compared to 2017 (60% attributable to occupancy and 40% price). The recovery of alternative destinations in the tour operator segment is compensated by higher demand through melia.com and OTAs in Spanish destinations.

SPAIN

+ 8.1% RevPAR

(+) Significant improvements in results throughout the country thanks to the recovery of group and individual corporate travellers and the strong contribution of recently repositioned hotels.

Outlook Q3: positive forecast for Madrid hotels with increases in demand from both leisure and MICE segments expected to compensate poorer results in Barcelona, where prices continue to fall despite the occupation's resilience, regrettably showing a trend toward a tourist model of lower quality.

CUBA

- 4,6% RevPAR

General reduction of RevPAR due to the combination of numerous factors:

(-) Delay in the resumption of sales by some tour operators after the 2017 hurricanes

(-) Reduction of US visitors to the three hotels in Havana due to US Government restrictions and lower flight capacity after the bankruptcy of Air Berlin

Outlook Q3: The Company sees a change in trends and market perception once the situation in the island has been fully normalised after the hurricanes of last year, in which the Company is closely collaborating with the Cuban authorities. The new hotels the Company will open this year: Meliá Internacional, Paradisus Los Cayos and Meliá San Carlos, will further strengthen the leadership of Meliá and the image of Cuba as a safe and renovated top international destination.

ASIA PACIFIC

- 4,6% RevPAR

(+) RevPAR increased by 18,3%  on a like-for-like basis, but global RevPAR is affected in  the short term by the negative impact caused by the large number of newly launched hotels that have yet to get up to full speed to make a strong contribution

(+) melia.com increased sales by 47.5% in the second quarter

Outlook Q3: Positive evolution expected in what is high season for the region thanks to robust market dynamics. A special contribution is expected from China and Bali, as well as the consolidation of Vietnam as a key market where Meliá will become one of the leading international hotel operators after the opening of new hotels in Ho Chi Minh, Hanoi and Ha Long.

New asset valuation

We have published the results of the new valuation of our property assets, which has been prepared by JLL, the leading independent appraiser of the market. In this sense, the GAV (Gross Asset Value) increased + 23.2% compared to the valuation of June 2015, to € 4,386Bn. Within this value, € 3,758Bn are included referring to property assets that consolidate globally, and € 628Mn do so through the equity method. However, it must be said that the value of the latter is an estimate, since the valuation is being carried out at present and will not be ready until the end of September.

On the other hand, updated NAV (Net Asset Value) per share is € 15.2 per share, which compares with € 12.5 the last valuation of June 2015 and therefore implies an increase of + 21.3%.

International growth

Internationalization is one of Meliá Hotels International's most relevant strengths, with a current Group pipeline (hotel agreements signed and in the process of incorporation) that comprises 63 hotels with 16,000 rooms (85.3% of them under management agreements).

Up to June, the Company has signed 10 new hotels in Vietnam, Thailand, China, Portugal, Dubai, Morocco and Montenegro, all of them under management formulas. Over the same period, Meliá has opened 11 hotels, in Cuba, Spain, Vietnam, Dubai and Portugal. Another 12 hotels are scheduled to open by the end of 2018 in Cuba, China, Vietnam, Indonesia, Peru, the Dominican Republic, Montenegro, and Mozambique, all of them also under management contracts, except for the Grand Reserve at Paradisus Palma Real (Dominican Republic), which is an owned property.

IN 2018, the Company's growth will be focused mainly on three regions: the Caribbean, with 9 hotels to be opened ( 7 in Cuba, 1 in Peru and 1 in Dominican Republic), Asia-Pacific with 7 hotels (4 in Vietnam, 2 in China and 1 in Indonesia), and Spain, where the Group has already opened three resorts.

Responsible business

Meliá Hotels International also reports the most important progress made in terms of corporate responsibility in Environmental, Social and Corporate Governance issues.

Environmental Commitment:

The Group has been actively combating climate change for more than 10 years, increasing energy and water efficiency and securing 100% of energy from renewable sources in countries such as Spain and Italy.

Since the approval of the Sustainable Development Goals by the United Nations in 2015, Meliá has prioritized the goals that are best aligned with its business activity to make them an integral part of Company strategy. This mostly affects the availability and responsible management of water, guaranteeing access to safe, sustainable and modern energy sources, promoting sustainable infrastructures and communities, contributing to a sustainable production and consumption model, and adopting measures to combat climate change and its effects.

The objectives that Meliá has defined for itself up to 2020 include reducing water use per stay by 8%, achieving 70% green energy use, sustainability certification for 52% of hotels, generalizing sustainability clauses and codes in agreements and relationships with suppliers, ensuring 90% of suppliers are local, and reducing CO2 emissions by 18.4% per stay.

In particular, Meliá has announced that it will completely eliminate single-use plastic in all of its hotels and corporate offices throughout 2018.

Social commitment:

As a leading company in a key industry which is very labour-intensive, Meliá focuses on:

.- Helping achieve the highest degree of quality and professionalism in the industry by supporting and cooperating with universities and tourism and business schools.

.- Promoting employability and training for people at risk of social exclusion, working with important partners such as the "First professional experience" project with the Pinardi Foundation and the "Incorpora" programme with the La Caixa Foundation.

.- Supporting diversity and equal opportunities, where an example can be found in the fact that 65% of Revenue Managers are now female, and the increasing proportion of women in the Managers' pool talent of the Company.

.- Contributing to protecting children by renewing the alliance with UNICEF and committing to raising at least €400,000 every year for the organisation, among other actions and programmes.

Corporate governance:

In terms of governance, the Company highlights the publication of a new integrated report for 2017 including a stronger materiality analysis with greater transparency, information and visibility for its different stakeholders, plus the publication of new corporate policies, such as those on human rights, privacy or control.

Meliá also highlights the approval of its first Supplier Code of Ethics, together with a new Responsible Procurement policy.

About Meliá Hotels International

Founded in 1956 in Palma de Mallorca (Spain), Meliá Hotels International is one of the largest hotel companies worldwide, as well as the absolute leader within the Spanish market, with more than 380 hotels (current portfolio and pipeline) throughout more than 40 countries and four continents, operated under the brands: Gran Meliá Hotels & Resorts, Paradisus by Meliá, ME by Meliá, Meliá Hotels & Resorts, INNSIDE by Meliá, Sol by Meliá and TRYP by Wyndham. The strategic focus on international growth has allowed Meliá Hotels International to be the first Spanish hotel company with presence in key markets such as China, the Arabian Gulf or the US, as well as maintaining its leadership in traditional markets such as Europe, Latin America or the Caribbean. Its high degree of globalisation, a diversified business model, the consistent growth plan supported by strategic alliances with major investors and its commitment to responsible tourism are the major strengths of Meliá Hotels International, being the Spanish Hotel leader in Corporate Reputation (Merco Ranking) and one of the most attractive to work worldwide. Meliá Hotels International is included in the IBEX 35 Spanish stock market index. Follow Meliá Hotels International on Twitter @MeliaHotelsInt and Facebook meliahotelsinternational.  www.melia.com

SOURCE Meliá Hotels International

Related Links

http://www.melia.com

Modal title

Also from this source

Meliá Hotels International e tenista Rafa Nadal criam nova marca de hotéis lifestyle chamada ZEL

Meliá Hotels International e tenista Rafa Nadal criam nova marca de hotéis lifestyle chamada ZEL


Meliá Hotels International and Tennis Player Rafael Nadal launch ZEL, A New Lifestyle Hotel Brand

Meliá Hotels International and Tennis Player Rafael Nadal launch ZEL, A New Lifestyle Hotel Brand

Explore

More news releases in similar topics

  • Travel
  • Hotels and Resorts
  • Earnings
  • Earnings Forecasts & Projections

Contact Cision

  • Cision Distribution 888-776-0942
    from 8 AM - 9 PM ET

  • Chat with an Expert
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices

Products

  • Cision Communication Cloud®
  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • For Small Business
  • All Products

About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • COVID-19 Resources
  • Accessibility Statement
  • Asia
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Israel
  • Italy
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom

My Services

  • All New Releases
  • Online Member Center
  • ProfNet

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2023 Cision US Inc.