Meliá takes advantage of the tourist boom and says goodbye to the summer with 27% more profits

The tourism boom continues to push Meliá Hotels International’s business to double digits. The Spanish hotel chain closed the first nine months of the year with a consolidated net profit of 177.7 million euros27.4% compared to the same period of the previous year. According to the accounts filed with the National Securities Market Commission (CNMV), the group ended the summer with income of 1,603 million, without capital gains, 5.6% more thanks to the positive summer season. The hotel company has closed a positive third quarter, consolidating the normalization of growth and the strength of national and international tourism, especially in the leisure segment. This increase is supported by an increase in income and an improvement in the gross operating result (Ebitda).

In a context of solid national and international demand, the Balearic hotel company has achieved boost the RevPar (revenue per available room) of its portfolio by 5.2% in the first nine months to 91.7 eurosin line with the growth trend anticipated at the beginning of the year. Its president, Gabriel Escarrer, has celebrated that his company has remained resilient in the face of “the consolidation of a healthy trend towards normalization of demand growth, after a few years of unprecedented acceleration.”

In this scenario, its outlook for the fourth quarter contemplates a winter season that “is shaping up to be favorable in Spanish vacation and urban destinations, with clear progress in European cities and the Group’s destinations in the Caribbean and the United States.” For the next quarter, the group maintains the forecast of ending the year 2025 with a mid-single digit increase in RevPAR at an aggregate level, with a similar contribution from the increase in rates and the occupancy figure.

Regarding the pace of its operational expansion, the company has signed a total of 34 new hotels, with more than 5,500 roomsmainly under formulas asset light that have been added to your pipeline. In annual terms, Meliá expects to exceed the established objective of signing a minimum of 35 new hotels, with the estimated openings being a minimum of 25 hotels. In addition, it has announced its debut with hotel projects in new destinations such as Roatán (Honduras), Bariloche (Argentina), or Bahrain, in the Persian Gulf.

It should be noted that the chain has recently signed the management of the MiM hotels, owned by footballer Leo Messi, which are integrated into The Meliá Collection under rental contracts, thus adding six assets located in Sitges, Sotogrande, Mallorca, Ibiza, Baqueira Beret and Andorra. To the current operational portfolio of 368 hotels, as of September 30, 70 hotels in the process of incorporation would be added that make up the so-called ‘expansion pipeline’ of the group.

Regarding the financial situation, the pre-IFRS 16 net financial debt stood at 763 million euros as of September, after generating more than 90 million euros in operating cash during the third quarter. Meliá plans to close the 2025 financial year with leverage ratios similar to 2024, which will allow it to flexibly take advantage of growth opportunities.