Melia Hotels traded at 9.60 this Thursday March 26th, decreasing 0.02 or 0.16 percent since the previous trading session. Looking back, over the last four weeks, Melia Hotels lost 15.05 percent. Over the last 12 months, its price rose by 42.36 percent. Looking ahead, we forecast Melia Hotels to be priced at 9.34 by the end of this quarter and at 8.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
Melia Hotels International SA, formerly Sol Melia SA, is a Spain-based company primarily engaged in the hospitality sector. The Company focuses on the management and exploitation of hotel chains. Its activities are divided into three business segments: Hotels, Real Estate and Club Melia. The Hotels division administrates hotels under management and franchise agreements, operates own or leased hotels, as well as offers other entertainment activities, such as casino games and organized tours. The Real Estate division includes real estate development and operations. The Club Melia division operates vacation club complexes. The Company’s brand names portfolio comprises Gran Melia, Paradisus, Melia, Innside by Melia, Tryp by Wyndham and Sol Hotels, among others. The Company operates through numerous subsidiaries in Europe, the Americas, Africa and Asia.