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Spanish hotel group operating resort and city hotels worldwide under Melia, Paradisus, Gran Melia and ME brands.
Spanish hotel group operating resort and city hotels worldwide under Melia, Paradisus, Gran Melia and ME brands.
Earns room, food and drink revenue at hotels it owns or leases, and fees at hotels it only manages for other owners; the fee side needs little capital, and the group has been shifting toward it. The Escarrer family, founders from Mallorca, remain the controlling shareholders. Spain and the Americas are the main regions.
In one line: A resort-heavy, smaller Marriott/Hyatt.
Moat: narrow (brand, distribution, scale). Strong resort brand and Caribbean/Mediterranean footprint, but hospitality is capital- and cycle-sensitive.
Headquarters: Palma de Mallorca, Spain · Founded: 1956
Size Melia Hotels International (MEL.MC) is a Spain Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $2.67B, the 45th largest of 97 Spain companies the cockpit tracks. Shares closed at €10.80 on 6 Nov 2026.
Performance Over six months the shares fell 10.1%, against +3.7% for the median peer and +8.2% for the Spain market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 4.7% over the last twelve months (peer median +5.7%); the operating margin is 13.4% (peer median 16.8%).
Valuation It trades at 15.2× forward earnings against a peer median of 17.0× (5th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.3 points below its cost of capital (7.3% WACC).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €2.14B | €2.08B | €2.01B | €1.93B | €1.68B |
| Revenue growth | — | +3% | +4% | +15% | — |
| Gross profit | €1.05B | €700M | €685M | €601M | €476M |
| EBITDA | €546M | €565M | €556M | €496M | €439M |
| Net income | €87.1M | €170M | €141M | €118M | €111M |
| Free cash flow | €255M | €338M | €288M | €218M | €340M |
| Capital expenditure | €205M | €134M | €79.2M | €122M | €112M |
| Total debt | n/a | €2.43B | €2.40B | €2.77B | €2.82B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Melia Hotels International MEL.MC | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% |
| Marriott International MAR | $107B | +18% | +6% | 16% | 32.1× | 17.9% |
| Hyatt Hotels H | $17.2B | +10% | +3% | 9% | 42.4× | 27.9% |
| Accor AC.PA | $12.8B | +12% | 0% | 16% | 22.9× | 14.4% |
| Hilton Worldwide HLT | n/a | +17% | n/a | n/a | n/a | n/a |
| InterContinental Hotels Group PLC Sponsored ADR IHG | $25.3B | +19% | +3% | 24% | 23.8× | 12.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MEL.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | +9.0% | 8th lowest of 21 |
| 6-month return | -10.1% | +3.7% | 4th lowest of 21 |
| Distance from 52-week high | -13.8% | -14.8% | 11th highest of 21 |
| Revenue growth (TTM) | +4.7% | +5.7% | 8th lowest of 21 |
| Operating margin | 13.4% | 16.8% | 9th lowest of 21 |
| Forward P/E | 15.2× | 17.0× | 5th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 7.3% | 2.8% | 7th most demanding of 19 |
| Growth delivered (Del g) | +31.5% | +19.5% | 6th highest of 19 |
| Hurdle (Req g minus delivered) | -24.2 pp | -19.3 pp | 6th least demanding of 19 |
| ROIC minus cost of capital | -1.3 pp | +1.3 pp | 8th lowest of 20 |
| EV / EBITDA | 8.9× | 12.9× | 5th cheapest of 19 |
| Net debt / EBITDA | 3.9× | 2.4× | 6th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | China | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% | +7.6% |
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| Lindblad Expeditions LIND | United States | $2.23B | +61% | +17% | 8% | 89.0× | 33.0% | +56.4% |
| Hbx Group International HBX.MC | Spain | $2.19B | +29% | +4% | 38% | 9.6× | -4.2% | +18.4% |
| Hotel Properties H15.SI | Singapore | $2.07B | +11% | +2% | 7% | n/a | n/a | n/a |
| EIH EIHOTEL.NS | India | $2.07B | -7% | +8% | 29% | 23.2× | 28.9% | +42.9% |
| Kyoritsu Maintenance 9616.T | Japan | $2.00B | +47% | +20% | 9% | 16.7× | 2.3% | +17.8% |
| Monarch Casino & Resort MCRI | United States | $1.92B | -8% | +5% | 27% | 15.6× | 6.7% | +24.2% |
| Chalet Hotels CHALET.NS | India | $1.88B | +2% | -17% | 34% | 28.1× | 24.1% | +57.5% |
| Shangri-La Asia 0069.HK | Hong Kong | $1.87B | -9% | +5% | 35% | 10.6× | -8.7% | +16.8% |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| Melco Resorts & Entertainment Ltd. Sponsored ADR MLCO | United States | $1.79B | -16% | +6% | 12% | 7.5× | -6.2% | +24.5% |
| Monte-Carlo Societe des Bains de Mer BAIN.PA | France | $4.06B | +9% | +12% | 9% | n/a | 24.2% | +20.7% |
| SkiStar SKIS-B.ST | Sweden | $1.58B | +27% | +7% | 17% | 21.3× | 8.4% | +12.5% |
| Travel + Leisure TNL | United States | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% | +11.2% |
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | United States | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% | +43.1% |