Melia Hotels International, S.a. · BME:MEL
Melia Hotels International — H1 2026 Earnings Presentation
26 slides from Melia Hotels International's earnings presentation, Jul 31, 2026
Slide 1: Leisure at Heart, Business in Mind
Leisure at Heart, Business in Mind H1 2026 EARNINGS WEBCAST
Slide 2: Disclaimer
2 Disclaimer This report is a communication made or approved for communication by Meliá Hotels International. It is directed exclusively to eligible counterparties and professional clients. No persons other than an eligible counterparty or a professional client should read or rely on any information
Slide 3: H1 2026 Introduction & Financials
1 H1 2026 Introduction Gabriel Escarrer President & CEO 2 & Financials Operational André Gerondeau 3 Overview Chief Operating Officer Development André Gerondeau & Outlook Chief Operating Officer 4Closing Remarks Gabriel Escarrer President & CEO INNSIDE AMSTERDAM | AMSTERDAM 5 Q&A Senior Executive T
Slide 4: Introduction
1 Introduction “Solid execution in main markets, bottom line affected by ceased operations in Cuba” RevPar & expansion Solid demand strategy Consolidated destinations with strong demand with healthy Leading RevPar Growth leisure travel trends. Expansion driving corporate growth. 4 Mexico Cuba Ceasin
Slide 5: Financials: Consolidated P&L
1 Financials Consolidated P&L In EUR Million H1 2026 H1 2025* Var. • Consolidated Revenues Ex. capital gains increase thanks to Consolidated Revenues 1,049.7 982,5 +6.8% perimeter changes and RevPar Operating Expenses (772.9) (719,8) -7.4% Evolution. EBITDAR 276.8 262.7 +5.4% • Operating Expenses in
Slide 6: Financials: Margins Evolution – Ex Capital Gains
1 Financials Margins Evolution – Ex Capital Gains In EUR thousand H1 2026 H1 2025 Var. Consolidated Revenues 1,047,417 978,028 +7.1% Operating Expenses (772,890) (719,847) -7.4% EBITDAR 274,527 258,181 +6.3% EBITDAR Margins 26.2% 26.4% -19 bps Variable Rentals (29,747) (19,298) -54.1% EBITDA 244,780
Slide 7: Financials: Debt Evolution
1 Financials Debt Evolution Debt Maturity Profile 52,5 Net Debt €2,149.2M -51,7M vs FY2025 415,4 368,1 Net Debt +65,1M vs Ex. Rentals €843.7 FY2025 29,0 2026 - 17,5 2027 48,0 2028 50,7 2029 2030 >5 years Bank Loans & Others Capital Markets d Robust liquidity position and limited near-term refinancin
Slide 8: Capital Allocation in 2026 – Main Projects
Capital Allocation in 2026 – Main Projects € 19.0 M € 35.2 M € 26.1 M Meliá Genova Innside New York Meliá Benidorm Gran Meliá Don Pepe NoMad • Position of 20% undertaken together • 31% of the property acquired • Renovation works still underway and • Hotel located in premium location with with a part
Slide 9: Financial Discipline
1 Financials ME MALTA | MALTA Financial Discipline “Disciplined leverage with a clear objective* to keep Net Debt / EBITDA below 2.5x over the medium term” * Excluding Rentals 9 9
Slide 10: Operational Overview
2 Operational Overview Strong operational performance despite a more uncertain environment. Resilience through diversification and destination quality. 10 Meliá Whale Lagoon (Maldives)
Slide 11: Operational Overview
2 Operational Overview € 127.9 € 120.5 RevPar O&L RevPar O&L Q2 H1 +0.2% vs SPLY +1.3% vs SPLY € 102.3 € 93.5 RevPar Systemwide RevPar Systemwide Q2 H1 +14.2% vs SPLY +11.7% vs SPLY +6.1% Available Rooms O&L H1 47,9% MELIA.COM* -5.0% Of Centralized Sales * Considering all own Available Rooms channel
Slide 12: Operational Overview: Spain
2 Operational Overview Spain Occupancy, ADR and RevPar (YoY) Systemwide Data Positive demand where repositioned hotels and 5,9% leisure clients led 3,1% 2,7% 3,8% 4,7% growth. 0,8% Q2 H1 Occupancy ADR RevPar Spain Resort RevPar Q2 +7.3% H1 +4.6% Spain Urban RevPar Q2 +8.9% H1 +6.7% 12 Gran Meliá Pal
Slide 13: Operational Overview: EMEA
2 Operational Overview EMEA Occupancy, ADR and RevPar (YoY) Systemwide Data 6,6% 5,6% 1,1% 0,9% 0,1% Gran Meliá Q2 H1 Palazzo Cordusio | Italy -0,9% Occupancy ADR RevPar 13
Slide 14: Operational Overview: Asia
2 Operational Overview Asia Occupancy, ADR and RevPar (YoY) Systemwide Data 29,6% 20,0% 14,0% 13,7% 14,0% 5,3% Q2 H1 Occupancy ADR RevPar Paradisus Bali | Indonesia 14
Slide 15: Operational Overview: America
2 Operational Overview America Occupancy, ADR and RevPar (YoY) Systemwide Data 2,8% 2,5% 0,1% Q2 H1 -1,4% -2,6% -3,8% Occupancy ADR RevPar Zel Punta Cana | Dominican Republic 15
Slide 16: Outlook
Outlook Supportive demand trends and strong booking momentum continue to support a positive summer season despite ongoing geopolitical uncertainty. 16
Slide 17: Brands
Brands The strength of our brands, premium positioning and differentiated experiences continues to drive performance and support future growth. 17
Slide 18: Strong Brands
Strong Brands ME Málaga ME Lisbon 18 18
Slide 19: Our Team
Our Team Good FOR THE PLANET FOR THE PEOPLE GOVERNANCE We believe talent is one of the most important differentiators in hospitality. The quality of our teams is fundamental to delivering personalized service, strengthening guest satisfaction and enhancing brand value. 19
Slide 20: Outlook
3 Outlook Positive Summer Strong summer demand across Spain, particularly in Balearic and Canary Islands season with strong Positive corporate season in Paris and demand On the London, with MICE events in Germany adding growth. Books Dominican Republic delivering solid Up Double Digit% demand, while
Slide 21: Development
3 Development Growth momentum MELIÁ VENECIA LIDO | ITALY continues towards our expansion goals ▪ 17 Signatures | ≈ 3,800 rooms ▪ 14 Openings | ≈ 2,000 rooms 40 Signatures | ≈ 8,400 rooms 30 Openings in FY 26 | ≈ 3,500 rooms Opening Tunisia through a Strategic Partnership, aiming to reach up to 3,000
Slide 22: Openings
3 Openings Holiday World Polynesia | Spain Innside Roma Norte | Mexico 22 Zel Fuerteventura | Spain
Slide 23: Reopenings
Reopenings aM PARADISUS CANCUN MEXICO ALL-INCLUSIVE RESORT DESIGNED BY DESTINATION 23 MELIA fiiiisrionat
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Slide 25: Closing Remarks
Closing Remarks 1 Current On The Books very encouraging, up Double Digit vs. STLY with a strong summer season ahead. MICE also Up Double Digits with high level of forward Bookings 2 We reaffirm our Full Year Guidance: 1. 2. 3. RevPar increase in high single digit under constant currency Operational
Slide 26: Thank You
Thank You
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