Meliá Hotels International (MEL) AGM 2025 summary

Opening remarks and agenda

• The meeting was convened with proper notice and all board members attended in person, with telematic participation also enabled for shareholders.

• The notary public was present to record the proceedings, and the quorum exceeded the required threshold, confirming the meeting's validity.

Board and executive committee updates

• New chairwomen were appointed for both the Auditing and Compliance Committee and the Appointments, Remuneration, and Sustainability Committee.

• The committees reported on their 2023 activities, including succession planning, board composition, and diversity initiatives.

• The executive team was partially renewed in 2023, with key internal promotions to senior roles.

Financial performance review

• 2023 saw record revenues of EUR 1,932.2 million, EBITDA of EUR 489.8 million, and net income of EUR 130 million, all surpassing pre-pandemic levels.

• RevPAR increased by 17.3% in owned and leased hotels, with strong performance in premium and luxury segments.

• The company managed to limit inflation impact on supplies to 8.5%, below the sector average.