Spain’s largest hotel chain, Melia, reported a 24% rise in full-year profit on Wednesday thanks to higher prices at its luxury resorts.
Melia’s annual net income of 200.2 million euros ($236 million) beat analyst expectations of 151.23 million euros in an LSEG forecast.
Revenue per room rose by 5.4% last year, down from 11% growth in 2024, but room rate increases played a bigger part in the company’s revenue than occupancy, Melia said.
Melia, which has focused on opening luxury hotels, expects room rates at its Spanish resorts to rise by about 5% this year, in line with revenue, CEO Gabriel Escarrer said last month.
Spain, the company’s main market, is expected to help to offset weaker sales in the Caribbean, with the world’s second-most visited country behind France on track to receive close to 100 million visitors in 2026.
Melia said bookings are up 11% from a year ago, even though Spanish airport operator Aena said on Wednesday that it expects the number of passengers travelling through its airports in Spain to grow at a slower pace than last year.
Melia’s hotels in Cuba and Mexico could be affected by economic and political crises in those countries, the company said in a statement.
Melia, the largest hotel chain in Cuba, closed three of its 30 hotels in the country to focus on better-equipped properties.
In Mexico, operations have not been affected by the violence that erupted hours after the killing of Mexican drug lord Nemesio Oseguera, the company said, adding that the outlook for 2026 could be affected in the short term.
($1 = 0.8482 euros)
(Reporting by Corina Pons)
