Meliá leaves behind the “red numbers” in the first half, earning three million euros

Archive - Image courtesy of Meliá Hotels International.

Archive – Image courtesy of Meliá Hotels International. – MELIÁ HOTELS INTERNATIONAL – Archives


Meliá Hotels International recorded an attributable net profit of 3 million euros between January and June 2022, compared to losses of 151.2 million euros in the first half of the previous year.

The company, which on Tuesday sent the financial report for the semester to the National Commission for the Securities Market (CNMV), achieved a turnover of 741.4 million euros in the first half, more than double that of a year earlier.

Por su parte, the gross operating result (Ebitda) was 163.3 million euros, resulting in 1.5 million euros from a year passed, more than the operating costs were duplicated in the first half of 2021, with 572 millions of euros.

The hotel company’s CEO, Gabriel Escarrer, said first-half results benefited from the “strong” take-off in tourism activity around the world, highlighting the behavior of the leisure segment, both holiday and urban. . , and the return of international travel.

“The company is among the most favored due to the exponential increase in demand, thanks to the efficiency of its direct sales and the optimization of its revenues which allows its high level of digitization, as well as our positioning in terms of sustainability,” the company added.

Similarly, RevPAR (revenue per available room) stood at 59.2 euros in the first half, more than double the figure for 2021, while the average price per room (ADR) reached 120.9 euros, i.e. 35.7% more. than the previous year and the occupancy rate was 48.9%, or 24.2 percentage points higher.

During the second quarter, the number of available rooms compared to the same period of the previous year increased by 52.4% in owned and leased hotels, and by 66.3% taking into account the all of the company’s hotels. In comparison with the same period of 2019, the variations were respectively -8.3% and +1%.

At the end of June, the net debt amounted to 2,904 million euros, which represents an increase of 51.1 million euros compared to the end of last year. The liquidity situation (including cash and undrawn credit lines) amounts to approximately 320 million euros, sufficient liquidity to cover commitments for the next two years.


In Spain, the holiday hotel business in this second quarter saw its development marked by the recovery in activity, as well as by the early opening of establishments, particularly in the Balearic Islands.

In addition, Meliá said that the trend of the past few months with last-minute “pick-up” continued, which allowed them to improve their expectations, underlining the positive result of the direct customer. They also enjoyed a greater demand for superior rooms and suites, which allowed them to improve their income compared to previous years.

In terms of urban hospitality, unlike in 2021, secondary destinations are the ones that have struggled the most to grow, while Madrid, Barcelona and Seville have started to have a congress movement and improve the performance of meeting tourism , incentives, conventions and exhibitions (MICE), although they have not yet retrieved the 2019 figures.

On the other hand, the weight of the Spanish clientele is decreasing in the forecasts and the figures of clients from the United Kingdom and the United States in its hotels for this quarter are starting to stand out.


To capitalize on its position in the vacation segment, Meliá continued to add hotels under its Meliá, Gran Meliá, Meliá Collection and Affiliated by Meliá brands in key destinations in the Mediterranean, Caribbean, Middle East and of Southeast Asia.

After having added 25 hotels signed until the end of July (15 in Vietnam, three in Albania, three in Mexico, two in Spain, one in Portugal and one in Italy), the hotel company is making progress in the commitment made during its meeting general, to sign at least 40 new hotels in 2022, with more than 9,000 rooms. Likewise, the pace of openings has intensified and the group has opened 18 hotels so far in 2022.


Meliá stressed that this third quarter aims to be the one that confirms the path, not only of economic recovery, but in many cases of improving pre-pandemic results.

“Strategically, it is marked by a very strong commitment to the average rate, which will reach record figures in many hotels and destinations,” the hotel company noted.

Likewise, “On The Books” bookings for vacation hotels improved by double digits compared to 2019 and better than expected development is expected in the MICE segment for the fourth quarter ahead of the convention season.

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