Hosteltur

🔋 Spain experienced a massive blackout on April 28, impacting travel agencies and insurance companies, which remain uncertain about the applicability of contracted coverages due to lack of clarity from the government regarding the incident's causes. Travel disruptions included transportation alterations, service cancellations, and accommodation issues. Insurers like Intermundial are unable to clarify certain travel insurance coverages, while Segitravel evaluates coverage on a case-by-case basis. Agencies were overwhelmed during the blackout, facing flight and train cancellations and delays.

🏡 Meliá Hotels International reported Q1 revenue of €444.5 million, a 1% increase from the same period in 2024. Ebitda reached €91 million, and Consolidated Net Income hit €10.5 million, up 93%. Despite the "calendar effect" of Easter in April, they predict a "very positive" rest of the year, expecting to sign approximately 4,500 new rooms and open at least 25 hotels, one every two weeks. Debt, excluding leases, was €792 million at the end of March, a €19.2 million increase since December. The company has signed 12 hotels with 2,012 rooms and opened five with 580 rooms, totaling 432 hotels with 105,198 rooms. RevPAR grew by 6.5% to €77.5, with positive forecasts except for Cuba. Direct sales represented 45.9% of centralized sales, with travel agencies, tour operators, and OTAs also showing positive trends.

💸 Amadeus increased its profit by 13% to €355 million in Q1 2025, with an adjusted profit growth of 12% to €364 million. Revenue grew by 9%, operating profit and adjusted operating profit by 10%. Cash flow reached €262 million, leading to a net financial debt of €1.875 billion as of March 31, 2025, which is 0.8 times the EBITDA of the last twelve months. Air Distribution revenues rose by 8%, bookings by 2.5%, and revenue per booking by 5%. Asia-Pacific bookings soared by 10%. Airline IT Solutions revenue increased by 11%, with a 5.5% rise in boarded passengers and a 5% increase in revenue per boarded passenger; Asia-Pacific saw a 12% jump in boarded passengers. Hotel and Other Solutions revenues grew by 11% in the same period.

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🏨 In Canarias, 73% of hotel rooms operate under direct ownership and 74% in Baleares, with Colliers highlighting a long-term investment approach in these regions. International chains in Spain franchise nearly half of their rooms, owning only 11%. The top chains in Canarias manage 44% of the rooms, with Riu Hotels & Resorts leading (6,856 rooms), followed by Barceló Hotel Group (6,745), and H10 Hotels (6,356). In Baleares, the top groups control 58% of rooms; Melia Hotels International (8,757), Globales (7,766), and Iberostar Hotels & Resorts (7,737). Globales, H10 Hotels, and Riu Hotels & Resorts emphasize ownership with 100%, 95%, and 89% of their hotels being property-owned, respectively.