Melia Hotels

Asset World Corp, or AWC, has announced a long-term strategic expansion of its partnership with Meliá Hotels International to develop luxury and lifestyle hotels and resorts in Thailand, targeting a combined portfolio of more than 3,000 rooms by 2036 across the Meliá Hotels & Resorts, ME by Meliá, Paradisus Jomtien Hotel by Meliá, INNSiDE by Meliá and Gran Meliá Hotels & Resorts brands. A key highlight is the launch of Paradisus Jomtien Resort in 2031 on Jomtien Beach in Pattaya, marking the first time an all-inclusive luxury resort brand enters Thailand. In the fourth quarter of 2026, AWC will open a new Meliá hotel in the Sukhumvit 24 and 26 area, before fully upgrading it to the ME by Meliá and Meliá Hotels & Resorts brands in the fourth quarter of 2027. AWC currently has about 1,900 rooms under joint management with Meliá, both already in operation and under development, making AWC the largest owner of Meliá-branded hotels in Thailand. Wallapa Traisorat, Chief Executive Officer and President of AWC, said the partnership will help drive Thailand toward becoming a world-class sustainable tourism destination, while Gabriel Escarrer, Executive Chairman and Chief Executive Officer of Meliá Hotels International, said Thailand is one of the most important strategic markets in Asia-Pacific.

Melia Hotels International reported a 7.1% increase in consolidated revenue excluding capital gains for the first half of 2026, with second-quarter growth accelerating to 8.5%. EBITDA excluding capital gains reached EUR244.8 million, a 2.5% year-over-year rise, while group net profit fell to EUR4.1 million due to a EUR79.5 million non-recurring impairment from the completed exit from Cuba. The company reaffirmed its full-year 2026 guidance, targeting high-single-digit RevPAR growth, 200 basis points of like-for-like margin improvement, and at least EUR565 million in EBITDA. Owned and leased RevPAR grew 5.1% on a constant currency and comparable portfolio basis in the first half, and system-wide RevPAR rose 5.6% excluding the Cuba exit effect. Melia opened 14 hotels with about 2,000 rooms and signed 17 new projects totaling over 3,800 rooms through July, while planning over EUR100 million in non-core asset disposals to strengthen its balance sheet.