Meliá Hotels, first founded in 1956 in Palma de Mallorca in Spain is now known for being on of the largest hotel companies in the world. Meliá is the largest hotel chain in Spain for both resort and city hotels and currently operates more than 370 hotels across 43 countries on 4 different continents. The company operates under a number of different names including Meliá, Gran Meliá, me BY Meliá, paradisus, Innside by Meliá, TRYP by Wyndham, Sol Hotels and Club Meliá.
The hotel chain has released their financial results today for the first half of 2017. The company has been fighting to keep their competitive edge on the market and the company so far this year has seen a significant development in the level of income and RevPAR. The company offers a range of value added experiences and services throughout the Meliá group as they work hard to maintain their leading position in the newly emerging bleisure sector.
In order to develop, the Hotel Group look to invest and reposition their portfolio in order to maximise their chances of profitability and to improve the Group’s different brands to allow them to enter the superior and luxury markets.
Globally, Meliá Hotels Group has seen a 7.7% increase in the revenue that is available per room. This could be caused by price improvement. This figure has risen by 15.7% in Spain alone. The use of more luxury hotels in locations such as Seville Barcelona, Madrid and Majorca are a vital art of those books in revenue available to the group.
The hotel chain has also released news that their global revenue managed to reach €60.4 million, which is a 34% increase in comparison to the same period in 2016. These solid financial figures are great news for the company, especially as they intend on continuing with their plans for growth, shown through the signing of 19 new hotels in 2017 alone.