H1 16 revenues increased by 5.7% excluding asset sales, and EBITDA by 9.3%. RevPAR (+14.2%) benefited from higher prices mainly in Spain and Portugal. Total net debt decreased by €213m vs December 2015, mainly due to the capital increase (linked to the conversion of convertible bonds) and cash flow generation. The outlook for 2016 is positive thanks to the good evolution in Spain and Mediterranean region which will offset the delicate situation in Paris and the American division. The pip
22 Sep 2016
A solid RevPAR increase in the first half and still attractive perspectives
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A solid RevPAR increase in the first half and still attractive perspectives
Melia Hotels International, S.A. (MEL:WBO) | 0 0 -0.3% | Mkt Cap: 2,596m
- Published:
22 Sep 2016 -
Author:
Bérénice Lacroix -
Pages:
2
H1 16 revenues increased by 5.7% excluding asset sales, and EBITDA by 9.3%. RevPAR (+14.2%) benefited from higher prices mainly in Spain and Portugal. Total net debt decreased by €213m vs December 2015, mainly due to the capital increase (linked to the conversion of convertible bonds) and cash flow generation. The outlook for 2016 is positive thanks to the good evolution in Spain and Mediterranean region which will offset the delicate situation in Paris and the American division. The pip