Meliá Hotels International recorded a net profit of 4.1 million euros during the first half of 2026, which represents an accounting decrease compared to the previous fiscal year due to the impact of a one-time charge of 79.4 million euros, which had no effect on cash flow, linked to the permanent cessation of its operations in Cuba.
According to a statement issued Thursday by the company to Spain’s National Securities Market Commission (CNMV), without this non-recurring impact – derived from the divestment of the island through its subsidiary Ilha Bela – consolidated net profit would have reached €83.5 million through June, in line with the group’s operating performance.
“The potential of our business model and the sustained improvement in our recurring profits provide the best foundation to offset this one-time effect in the future,” said Chairman and CEO Gabriel Escarrer.
On an operating basis, consolidated revenue excluding gains amounted to €1,047.4 million between January and June, an increase of 7.1 percent compared to the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA), excluding gains, increased by 2.5% to €244.8 million, affected by the temporary closure of properties such as Paradisus Cancún and Gran Meliá Don Pepe for renovations.
Revenue per available room (RevPAR) increased by 11.7 percent during the quarter, accelerating to 14.2 percent in the second quarter.
Market performance
By market, the company highlights the performance of its city-center and resort hotels in Spain, as well as projects in the Dominican Republic and the United States. In Asia, it highlights the recovery in China and growth in Southeast Asia, with Vietnam, Thailand, and Indonesia as the main drivers. Additionally, direct sales channels (website and app) recorded a 14 percent increase in sales.
For the full year, Meliá maintains its forecast of achieving a minimum EBITDA of €565 million and high single-digit growth in RevPAR at constant exchange rates, along with an improvement of 200 basis points in its underlying operating margin.
In the financial area, the company expects to keep its debt levels stable, with a net debt-to-EBITDA ratio of between 2 and 2.5 times. It is also considering divesting non-strategic assets that generate little cash flow to optimize capital allocation.
Expansion process
Regarding expansion, so far this year it has signed agreements for 17 new properties, comprising 3,816 rooms, and has opened 14 new hotels, with more than 2,000 rooms. For all of 2026, the group expects to sign agreements for at least 40 hotels (about 8,400 rooms) and open at least 30 of them, adding another 3,500 rooms.
Growth will focus on vacation destinations along the Mediterranean coast – including Spain, Italy, Greece and Tunisia – as well as the Caribbean and Southeast Asia, where it has secured new projects, including one in Vietnam.
