The hotel business helped Melia to report a strong H1 15 publication in terms of trading but the group's EBITDA margin (excl. capital gains) showed a timid improvement. Revenue growth confirmed the recovery of Spanish cities which resulted in a strong pricing power. Group revenue was up 19.2% on the back of an 11.5% rise in hotel RevPAR fuelled by price increases. The Americas (+30% in RevPAR) were buoyed by the Caribbean feeder market (+28.2% in RevPAR in resorts in Dominican Republic) and M
11 Sep 2015
Disappointing operating leverage amidst high market expectations
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Disappointing operating leverage amidst high market expectations
Melia Hotels International, S.A. (MEL:WBO) | 0 0 -0.3% | Mkt Cap: 2,596m
- Published:
11 Sep 2015 -
Author:
Bérénice Lacroix -
Pages:
3
The hotel business helped Melia to report a strong H1 15 publication in terms of trading but the group's EBITDA margin (excl. capital gains) showed a timid improvement. Revenue growth confirmed the recovery of Spanish cities which resulted in a strong pricing power. Group revenue was up 19.2% on the back of an 11.5% rise in hotel RevPAR fuelled by price increases. The Americas (+30% in RevPAR) were buoyed by the Caribbean feeder market (+28.2% in RevPAR in resorts in Dominican Republic) and M