Third Quarter Results 2022 - Meliá Hotels International

• The strength of post-Covid travel demand overcomes uncertainties and inflation to generate results above those of 2019 in practically all markets and destinations
• The company continues to grow at the rate seen in the last two quarters, with 26 new hotels signed and 27 new hotels opened so far this year
• The company improved its EBITDA Margin almost by 100 basis points compared to 2019 (31% vs. 30%)
• Meliá's digital strategy continues to drive its competitiveness, with milestones including the launch of the new melia.com website and a state-of-the-art App, which now generate more than 44% of centralised sales
• The current rate of reservations confirms the positive outlook for the coming months with no impact so far seen due to the fears about changes in the economic cycle

After a very complicated start to the year due to the Omicron variant, the business has continued to improve. In the third quarter, the quarter with the greatest impact on the company's annual results, revenues were above those in the same period in 2019.

Together with circumstantial factors that highlight the resilience of travel demand, Meliá has enjoyed strategic advantages that have allowed it to accelerate its recovery. These include a strong positioning in the resort segment, the optimization of revenues thanks to leadership in digital distribution through melia.com and meliapro.com, and the renovation and repositioning of a large part of the hotel portfolio in the more profitable and in-demand upscale and luxury segments. A strategic focus on cost control and improving efficiency through the growing digitalisation of processes combined with the design of a new operating model has also led to an improvement in profit margins.

To continue making progress towards our full recovery, our roadmap for the coming years includes continuing to strengthen our balance sheet through generating greater cash flow, operational efficiency, strong growth in our hotel portfolio through management and franchise agreements, and the sale of some assets in the coming months. Gabriel Escarrer, Executive Vice Chairman & CEO of Meliá Hotels International

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