Meliá Hotels International, S.A. is one of the world's largest hotel chains and the dominant operator in Spain's resort and urban hotel markets. The company's business model encompasses the ownership, leasing, management, and franchising of hotel properties, with a strategic shift in recent years toward an asset-light approach where managed and franchised properties make up a significant majority of its portfolio. Meliá generates revenue primarily through room bookings, food and beverage sales, and management fees. The company operates a diverse portfolio of brands tailored to different market segments, including luxury (Gran Meliá, ME by Meliá, The Meliá Collection), premium (Meliá Hotels & Resorts, Paradisus), and lifestyle/midscale (INNSiDE by Meliá, Sol by Meliá, Zel). Geographically, Meliá has a strong footprint in Spain and the broader Mediterranean, as well as a significant presence in Latin America, the Caribbean, and key European cities. The company's competitive position is anchored by its historical expertise in the sun-and-beach resort segment, which it has successfully leveraged to capture the growing "bleisure" travel market. Beyond core hotel operations, Meliá also manages the Club Meliá vacation club and engages in real estate development related to its hospitality assets.