Melia Sol

Sol Melia has gained 71.7 million euros until September Sol Melia has gained 71.7 million euros until September of this year, representing an increase of 51% compared with the same period in 2009. This increase, which meets the expectations of the market according to the company, has allowed the hotel Ensign record revenues of 976,7 million euros this year, compared to the 899,9 million recorded last year. Moderate optimism for the company is part of the estimates of the World Tourism Organization, which provides for an increase of 7% in the arrival of international travellers (when the initial forecast was 4%), as a result of increased us consumption and the increase that have registered for business trips, both individual or in a group. Sol Melia has been improved, month after month, the median income per room, which has registered a growth of 7.7% accumulated in the first three quarters of the year. This increase has taken place, mainly, of July to September, a quarter that has registered an increase of 17.4% in the main Spanish and European capitals.

In addition, the median income per room in the area of reactivation, which was – 6.3% in the first half after the earthquake in Haiti, has also registered a growth of 10.9%. On the other hand, from January to September, the average cost per stay has grown by 1.6% of the accumulated annual. Operating margins, on the other hand, have improved by 134 basis points, despite having been harshly penalized since the beginning of the crisis. As for Spanish hotels, summer of 2010 has been a recovery of the average income per room, which grew 8.3%, compared with 1.5% growth for the first half of the year. This increase in income has been due, mainly, to Balearic Islands resorts and prices improved. Regarding the financial situation of the Ensign, Sol Melia has renewed this year the total amount of the credit lines that expire in the first 9 months of the year. He has also signed four loans, amounting to a total of EUR 74 million, which, together with the sale of the hotel Sol Pelicanos Ocas in Benidorm, allows you to maintain the future level of liquidity of the company. Thus, the liquidity of the Ensign today stands at 487,4 million euros, which guarantee the repayment of debt to meet commitments (EUR 379,9 million) until December of 2012.Puedes refer to guide franchises to have greater repertoire of franchises in Spain. News, articles, interviews with franchises, new franchises, franchise Guide, all the news in the world of the franchise you can consult it in directory of franchises.

Tags:

Comments are closed.