H1 revenues increased by 7%, to €915m. EBITDA was €147m (+9% yoy). Net income came in at €60m (+34% yoy). RevPAR rose by 7.7%, driven by room rates. Management confirmed the current consensus (2017 EBITDA at €311m). The company qualified the Q3 outlook as very positive across the regions.
27 Jul 2017
Solid trading momentum resting on pipeline and Spain and Mediterranean RevPAR
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Solid trading momentum resting on pipeline and Spain and Mediterranean RevPAR
Melia Hotels International, S.A. (MEL:WBO) | 0 0 -0.3% | Mkt Cap: 2,596m
- Published:
27 Jul 2017 -
Author:
Marzio Foa - Pages:
H1 revenues increased by 7%, to €915m. EBITDA was €147m (+9% yoy). Net income came in at €60m (+34% yoy). RevPAR rose by 7.7%, driven by room rates. Management confirmed the current consensus (2017 EBITDA at €311m). The company qualified the Q3 outlook as very positive across the regions.