Melia: record increases in EBITDA (+35%) and RevPAR (+11%) thanks to the strength of the hotel business and leadership in the resort segment

Published on : Friday, August 1, 2014

Melia-HotelsMeliá Hotels International today announced results for the first half of 2014 in which the hotel industry showed signs of greater strength, mainly thanks to sustained economic growth in numerous markets which is reflected in the favourable trends in the resort hotel business, especially in the Caribbean and Mediterranean.

 

Particularly noteworthy was the evolution of the recent additions to the company portfolio, such as the Paradisus resorts in Playa del Carmen, and the Gran Meliá Palacio de Isora, major commitments which are already delivering success for Meliá in their early years of operation.
 

The numbers reflect positive developments in the hotel business, in which a global increase in revenue per available room (RevPAR) of 11% over the period – majoritarily due to price increases – has led to improved operating margins and a 35% increase in EBITDA, excluding capital gains from asset rotation which were less than in the same period in 2013. Net profit was 6.3 million, 39% less than in 2013.

 

Amongst the reasons for the positive numbers, the company cites its leadership and positioning in the resort hotel segment, (the segment with the best results) and its ability to optimise the management of its city hotels, in which the company is well above industry averages. Also behind these results is the strength of its global sales organisation and a strategy focused on revenue management and innovation oriented to enhance customer relationships, with a growing contribution of the Meliá Rewards loyalty Program. Meliá specially highlights the extraordinary growth of melia.com, a sales channel which continues to register record numbers, (+ 29% in the first half of the year) complementing the privileged relationship and collaboration held by Meliá with the main International Travel Agencies and Tour Operators.

 

Meliá also took the opportunity to announce a new and important step in its growth in Latin America with the signing of an agreement through which the company will operate (under Management Contracts) five new Innside hotels in Venezuela, to be built by Franco Biocchi Zurita, beginning with the Innside Punto Fijo, (already in the Meliá pipeline and with a signed management contract). The agreement is an excellent opportunity for this successful city hotel brand in a market in which Meliá already enjoys high recognition.

 

Source:-Meliá Hotels

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

arrow2Follow Us
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 

SUBSCRIBE NEWSLETTER:

Email 
 

ADVERTISEMENT

  • 07 hospitalityawards 2017
  • 10 ttfotm 17
  • 27 PATA

TRAVEL INDUSTRY EVENTS

More Events...