• The Group Strengthens its Balance Sheet after Reducing Net Debt by €216 Million
  • After Discounting Two Major Extraordinary Items, Net Profit Increased by More Than 200 per cent

Gabriel Escarrer Jaume, Vice Chairman and CEO of Meliá Hotels International: "As we begin 2016, which marks MHI's 60th Anniversary, we start the year in a stronger position than ever before, both in terms of the business and our financial position. The Company has also seen a significant improvement in our reputation and international recognition following the European Hospitality Awards naming the Company 'Best European Hotel Chain in 2015'. MHI's Strategic Plan to be presented during 2016 aims to further consolidate our brands, our digital commitment and strengthen the competitiveness and positioning of the Group."

In 2015, Meliá Hotels International earned a Net Profit of €40.5 Million (€36 Million Net Attributed Profit), a significant improvement on 2014 with increases of 27 per cent and 18 per cent respectively, although 2015 and 2014 are not exactly comparable given that 2015 results are affected by a higher tax rate, the result of the current inspection, started in late 2014 on the accounts for 2009 to 2012 inclusive.

Discounting the impact of two extraordinary items, the impairment of the hotel in Puerto Rico (€29 Million) and provisions for the tax adjustment, Net Profit before tax for the year grew by €67 Million compared with 2014, an increase of more than 200 per cent.

For the full year, MHI generated revenues of €1,738.2 Million (+16 per cent) and EBITDA of €293.1 Million. Click here for more...

— Source: Melia— Source: Melia
— Source: Melia

About Melia Hotels International

Founded in 1956 in Palma de Mallorca (Spain), Meliá Hotels International has more than 400 hotels open or in the process of opening in more than 40 countries, and a portfolio of nine brands: Gran Meliá Hotels & Resorts, ME by Meliá, The Meliá Collection, Paradisus by Meliá, Meliá Hotels & Resorts, ZEL, INNSiDE by Meliá, Sol by Meliá and Affiliated by Meliá. The Company is one of the world's leading hotel chains in the leisure segment and its experience in this area has allowed it to consolidate itself in the growing market of urban hotels inspired by leisure. Its commitment to responsible tourism has led it to be recognised as the most sustainable European hotel company according to S&P Global's Sustainability Yearbook 2024, as well as being a "Top Employer 2024" brand in Spain, the Dominican Republic, Mexico, Italy, Germany, France and Vietnam. Meliá Hotels International is also part of the IBEX 35. For more information, please visit www.meliahotelsinternational.com

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