The main business indicator, RevPAR (Average Revenue per Available Room) is 43% above the same period of the previous year, with good evolution of the average rate and an occupancy rate that is rising month after month
The solidity of the demand allows us to recover normal operations after the pandemic, with +36% more reservations On The Books (for the rest of the year) in monetary terms, than on the same dates in 2019 The own channel melia.com and the MeliaRewards program, with more than 15 million members, concentrates more than 45% of centralized sales Evolution of the business.
Consolidated revenues reach 396.1Mn (+45.9%) Vs 2022:
Average Revenue per Room (RevPAR) stood at €64.8, (+43%) Vs 2022 ▪ 1st Quarter Ebitda reached €78 Mn, improving +243.4%, with a conversion ratio of 44% ▪ The Attributable Net Result improves by 59 million compared to the same quarter of 2022.
Spain and Americas, markets with the best evolution:
The main markets exceeded the RevPAR registered before the pandemic for the 3rd consecutive quarter Financial results.
The liquidity situation (including treasury, as well as undrawn credit lines) amounts to €360.5Mn ▪ The Company maintains debt reduction as a priority, through operating cash flows and asset rotation operations on which continues to work Strategy.
Digitization: the Melia.com channel and the MeliaRewards program maintain their strength with 45% of sales ▪ Sustainability: In January, Meliá was again recognized as the world’s most sustainable hotel in 2022 according to S&P Global.
People: Melia is once again certified as a “Top Employer” in 5 of its main markets.
Expansion: The Company maintains the forecast of opening around 30 hotels in 2023, and has announced to date the signing of 4 new hotels in Cuba, as well as new projects in China, Montenegro, Milan, Albania, and Spain.
Repositioning and innovation: reopening of emblematic hotels of the Group in Spain (such as the Paradisus Gran Canaria and Paradisus Salinas Lanzarote) and the Dominican Republic (Paradisus Palma Real), and commitment to experiences and young brands such as Zel hotels or The Meliá Collection. Meliá is the strongest brand in Spain according to the latest Brand Finance Outlook 2023 Ranking.
Positive Easter in the Group’s main markets, with occupancy levels similar to 2019 and double-digit rate growth.
The Groups and Conferences (MICE) business already confirmed for 2023 is +28% higher than that registered on the same date in 2019 (+68% vs 2022)
Summer: book reservations for Meliá holiday hotels exceed those registered on the same dates in 2019 by more than 30%, with a notable improvement in the average rate and positive evolution of occupancy ▪ The Luxury segment continues to register the best evolution .e prices very positive.
Meliá is confident that the Presidency of the European Union in the 2nd semester of the year will provide an additional boost for urban hotels throughout Spain ▪ A palpable recovery from the 2nd quarter of source markets such as China, Japan and Australia, especially towards destinations in the Southeast Asia, after the restrictions linked to Covid were withdrawn.
Source : Melia Hotels