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Melia Hotels International SA (MEL.MC)

MEL.MC on Madrid SE C.A.T.S.

4.74EUR
2:34pm IST
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Latest Key Developments (Source: Significant Developments)

Melia Hotels Cancels Dividend Distribution Proposal Due To COVID-19 Impact
Tuesday, 19 May 2020 

May 19 (Reuters) - Melia Hotels International ::SAID ON MONDAY BOARD AGREES TO CANCEL THE PROPOSAL FOR THE DISTRIBUTION OF DIVIDENDS ON ACCOUNT OF VOLUNTARY RESERVES DUE TO COVID-19 IMPACT.BOARD HAS DECIDED TO DEFINITIVELY SUSPEND THE BUYBACK PROGRAM AND, THEREFORE, TO TERMINATE IT EARLIER.CEO HAS DECIDED TO REDUCE HIS FIXED SALARY IN 50% AND HIS VARIABLE REMUNERATION SCHEME HAS BEEN TEMPORARILY SUSPENDED.  Full Article

Melia Hotels Expects April And May To Be 2020 Most Difficult Months Regarding Revenue
Thursday, 7 May 2020 

May 7 (Reuters) - Melia Hotels International SA : :SAYS IT CURRENTLY DOES NOT HAVE SUFFICIENT RELIABLE INFORMATION ON WHICH TO BASE ANY ESTIMATE.ON CORONAVIRUS CONSIDERS THAT THE IMPACT ON ITS ACTIVITY WILL BE SIGNIFICANT.MAY AND APRIL MAY BE CONSIDERED THE MOST DIFFICULT MONTHS OF THE YEAR IN TERMS OF REVENUE, WITH ALMOST ALL OF THEIR HOTELS CLOSED.  Full Article

Melia Hotels Q1 Net Result Turns To Loss Of 79.7 Mln Euros YoY
Thursday, 7 May 2020 

May 7 (Reuters) - Melia Hotels International SA :Q1 EBITDA 14.2 MILLION EUROS VERSUS 93.1 MILLION EUROS YEAR AGO.Q1 REVENUE 293.0 MILLION EUROS VERSUS 393.0 MILLION EUROS YEAR AGO.Q1 NET LOSS 82.9 MILLION EUROS VERSUS PROFIT 9.5 MILLION EUROS YEAR AGO.Q1 NET LOSS ATTRIBUTABLE 79.7 MILLION EUROS VERSUS PROFIT 11.5 MILLION EUROS YEAR AGO.SAYS REVPAR IN ALL MANAGED HOTELS 54.2 EUROS AT END-MARCH, DOWN 17.5% YEAR ON YEAR.  Full Article

Melia Hotels Says Implements Temporary Layoffs Due to Coronavirus Crisis
Wednesday, 25 Mar 2020 

March 25 (Reuters) - Melia Hotels International SA ::SAYS IMPLEMENTS TEMPORARY LAYOFFS TO AFFECT 1,050 PEOPLE IN CORPORATE OFFICES, AND 7,332 IN HOTELS NOW CLOSED.  Full Article

Melia Hotels To Accept Cancellations At No Cost For Bookings Made Until March 31, 2020
Tuesday, 17 Mar 2020 

March 17 (Reuters) - Melia Hotels International SA ::SAID ON MONDAY WILL BE ACCEPTING CANCELLATIONS AT NO COST FOR BOOKINGS MADE FROM MARCH 2 TO MARCH 31, 2020 .UPDATED CANCELLATION POLICY FOR BOOKINGS MADE BEFORE MARCH 2,2020.SAID ALL HOTELS AND OFFICES HAVE IMPLEMENTED A GLOBAL PREPARATION AND RESPONSE PROTOCOL .  Full Article

Melia Hotels International Says Remains Prudent With Regard To Its Forecasts Subject To Evolution Of Covid19 Virus And Consequent Impact It May Have
Wednesday, 26 Feb 2020 

Feb 26 (Reuters) - Melia Hotels International SA ::REGARDING IMPACT OF INCIPIENT EXTENSION OF CORONAVIRUS COVID-19 VIRUS OUTSIDE CHINA, THE COMPANY HAS BEEN AFFECTED BY THE CANCELLATION OF SOME MICE EVENTS SUCH AS THE MOBLIE WORLD CONGRESS IN BARCELONA AND CERTAIN EVENTS IN MILAN.REMAINS PRUDENT WITH REGARD TO ITS FORECASTS, SUBJECT TO THE EVOLUTION OF THE MANAGEMENT OF THE COVID19 VIRUS AND THE CONSEQUENT IMPACT IT MAY HAVE.THE EXCELLENT PERFORMANCE IN CHINA (+9.2% IN REVENUES) WILL BE CUT SHORT IN THE 1ST QUARTER OF 2020 DUE TO THE IMPACT OF CORONAVIRUS, WHOSE IMPACT ON THE REST OF THE DESTINATIONS IN ASIA PACIFIC HAS SO FAR NOT BEEN SIGNIFICANT.WE WANT TO BE CAUTIOUS REGARDING THE PERFORMANCE OF THE HOTELS IN MILANO DUE TO THE LATEST NEWS REGARDING THE CORONAVIRUS CRISIS.WITHOUT DOUBT, THE 2020 OUTLOOK WILL BE CONDITIONED BY THE IMPACT THAT THE WUHAN CORONAVIRUS CRISIS MAY HAVE.  Full Article

Melia Hotels International FY Net Profit Down 23.2% YoY
Wednesday, 26 Feb 2020 

Feb 26 (Reuters) - Melia Hotels International SA ::FY NET PROFIT 112.9 MILLION EUROS VERSUS 147.1 MILLION EUROS YEAR AGO.FY REVENUE 1.80 BILLION EUROS VERSUS 1.83 BILLION EUROS YEAR AGO.FY EBITDA 477.9 MILLION EUROS VERSUS 500.9 MILLION EUROS YEAR AGO.REVPAR IN ALL MANAGED HOTELS 69.0 EUROS AT END-DECEMBER, DOWN 0.7% YEAR ON YEAR.  Full Article

Melia Hotels Says Impact Of Slowdown In China On Results Will Be Very Limited
Tuesday, 28 Jan 2020 

Jan 28 (Reuters) - Melia Hotels International SA ::MELIA HOTELS INTERNATIONAL SA SAYS ESTIMATED IMPACT ON RESULTS OF SLOWDOWN OF ACTIVITY IN CHINA, WHERE COMPANY OPERATES 5 HOTELS, WILL BE VERY LIMITED.  Full Article

Melia Hotels Says 9-Month Net Profit Down 23.7% YoY
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Melia Hotels International SA ::SAYS 9-MONTH NET PROFIT 96.8 MILLION EUROS VERSUS 126.9 MILLION EUROS YEAR AGO.SAYS 9-MONTH EBITDA 374.9 MILLION EUROS VERSUS 406.9 MILLION EUROS YEAR AGO.SAYS 9-MONTH REVENUE 1.39 BILLION EUROS VERSUS 1.41 BILLION EUROS YEAR AGO.SAYS ESTIMATES A SLIGHT GROWTH IN REVPAR FOR THE LAST QUARTER OF THE YEAR.SAYS REVPAR IN ALL MANAGED HOTELS AT 71.1 EUROS AT END-SEPTEMBER, DOWN 1% YOY.  Full Article

Melia Hotels To Buy Back Up To 3.70% Stake For 60 Mln Euros
Monday, 21 Oct 2019 

Oct 21 (Reuters) - Melia Hotels International SA ::LAUNCHES SHARE BUY-BACK PROGRAM FOR UP TO A 8,500,000 SHARES.MAXIMUM MONETARY AMOUNT ALLOCATED TO THE PROGRAMME IS 60 MILLION EUROS.MAXIMUM NUMBER OF SHARES TO BE ACQUIRED REPRESENTING 3.70% OF SHARE CAPITAL.PROGRAMME BE IN FORCE UNTIL JUNE 4, 2020.  Full Article

BRIEF-Melia Hotels Cancels Dividend Distribution Proposal Due To COVID-19 Impact

* SAID ON MONDAY BOARD AGREES TO CANCEL THE PROPOSAL FOR THE DISTRIBUTION OF DIVIDENDS ON ACCOUNT OF VOLUNTARY RESERVES DUE TO COVID-19 IMPACT