Home Entertainment News Meliá increases profit by 28.3% until September

Meliá increases profit by 28.3% until September

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Meliá increases profit by 28.3% until September

Melia Hotels International its net profit jumped 28.3% during the first nine months of the year compared to the same period last year, to 139.4 million euros, as the company announced this Monday at National Securities Market Commission (CNMV). On the other hand, andI Ebitda without capital gains of the company continued its positive trend in the third quarter, reaching 425.9 million euros through September, up 10.1% compared to the same period of 2023.

On the other hand, if we consider exclusively third trimesterEbitda amounted to 188.3 million euros, exceeding that recorded in the same quarter of 2023 by 11.8%.

In the third quarter of 2024, the income from Meliá Hotels International amounted to 584.1 million euros, or 2.7% more than the previous year. Between January and September, turnover reached 1,544.1 million euros, up 4.5%.

This growth, as well as operational efficiency obtained thanks to digitization and a new operating model, have made it possible to improve Ebitda margin by 146 basis points during the first nine months and by 262 basis points in the third quarter.

Results Melia

The RevPAR (average revenue per room) increased by 11.9% through September, driven by improving average rates and demand, particularly in the premium and luxury segments, which now constitute 66.8% of Meliá’s operational portfolio and 79, 1% of planned openings.

Digitalization optimized revenues and sales on Melia.com represented 49.6% of sales centralized sales during the first nine months.

The NPS index of customer satisfaction reached 59.6, compared to 53.1 in 2023. In terms of reputation, Meliá has been recognized as the most reliable company in the industry Travel, Dining & Leisure according to Newsweek and Statista, and was also selected by TIME and Statista as a sustainability leader.

Hotel Melia Palma Marina.

As for talent managementMeliá has expanded its TOP Employer certification to 77% of its global workforce, now covering countries such as Spain, France, Italy, GermanyAnd USAand achieved regional certifications in Europe and North America.

At the level of brandGran Meliá has received several awards, including the Gran Meliá de Mar as best seaside resort in Spainthe Gran Meliá Palacio de Isora as best family resort and the Gran Meliá Iguazú as best hotel in Argentina for the third consecutive year.

In addition, the Gran Meliá Villa Le Blanc in Menorca will be the first hotel Net zero of the company in 2024. In terms of results, Meliá highlighted the consolidation of recent brands such as The Meliá Collection, which includes hotels in destinations such as Tanzania, Canary IslandsParis and Dubaiwith ten new openings planned, and the new ZEL brand, created in collaboration with Rafael Nadalwhich will open in the Caribbean with the Zel Punta Cana hotel, Meliá also benefited from the recovery of the Corporate and MICE segment, with a portfolio of more than 233,000 m2 of meeting spaces.

The Torre Melina complex, which includes the Gran Meliá Torre Melina and the Palacio de Congresos de Catalunya, has a growth projection of 45% by 2025. In total, revenues from the MICE segment increased by 23% compared to the last year, and the activity confirmed for 2025 is 13% higher than that recorded at this time in 2023. The company expects positive growth in sector until the end of 2024, with weekly increases in reserves without major effects due to geopolitical tensions.

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