Third Quarter Results 2023 - Meliá Hotels International ...Middle East

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Third Quarter Results 2023 - Meliá Hotels International
The third quarter confirmed a solid recovery in tourism for Spanish holiday and urban destinations, as well as for the main European “bleisure" urban destinations, with average rates continuing to grow at around a mid-single digit and somewhat better occupancy figures, even though there is still a promising room for improvement to this respect, especially in European cities. All of this led to a global improvement of 19.5% in RevPAR during the year to date. Another positive development was the recovered strength of Asian domestic demand, both in the holiday and in the business segments, in addition to a more gradual return of international travellers to that continent.

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