Spain · Delayed Price · Currency is EUR Meliá Hotels International Earnings Call Transcripts
Fiscal Year 2025
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Solid RevPAR and net profit growth were achieved, supported by strong demand and disciplined pricing. Guidance for 2026 includes low to mid-single digit RevPAR growth, 2-3% net unit growth, and a continued focus on margin expansion and asset-light growth.
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Strong first-half results with RevPAR up 4.7% and EBITDA (ex-capital gains) up 2.5% YoY, despite FX and regional headwinds. Net profit surged 72.4% YoY, and guidance for mid-single-digit RevPAR growth and 100 bps EBITDA margin improvement is reaffirmed for 2025.
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Record financial results in 2023 enabled the return to dividends and strong expansion plans for 2024, with a focus on premium segments, digitalization, and sustainability. All resolutions, including dividend distribution and governance updates, were approved by a large majority.
Fiscal Year 2024
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Achieved double-digit RevPAR growth and surpassed EBITDA targets in 2024, driven by strong leisure demand, price increases, and successful asset rotation. Net debt reduced by EUR 400 million, with a positive outlook for 2025 and plans for further expansion and increased dividends.