Las Reservations for Holy Week They exceed the forecasts of Meliá Hotels and point to a Double digit growth in income. An improvement of occupation on holidays and a moderate price increase is expected.
By prices, Canary Islands are the destination with higher rates and occupancy levels, followed by the peninsular coast and the Balearic Islands, these last two being the most growing destinations against 2024.
«Good news» for Meliá, stands out Bankinter Juan Moreno analystwhich adds that «in addition to the expected increase in occupation and prices, they will be benefited by calendar effect.» «When this year fell this year to measured April, it will allow to open a good part of the seasonal hotels, and reach strong growth rates especially in the peninsular coast and the Balearic Islands,» explains the expert.
“We do not consider that this double digit growth is extrapolated to the entire year, although reinforces our +6% growth estimates in income by 2025”Moreno points out.
Bankinter maintains its recommendation of ‘comprar‘For Meliá, with an objective price set at 7.73 euros per share. This assessment is a bullish potential of 17.12% compared to the closing of Friday.
However, Bankinter is not among the most optimistic analysis houses about value. According to data collected by Reuters, analysts covering Meliá Hotels mostly give him a recommendation to ‘buy’ and an objective price of 8.95 euros that are 35% above of the current levels.
Today the shares of Meliá Hotels rise 0.68% to 6,645 euros per share.