Meliá Hotels International S.A.

Meliá Hotels International, based in Palma de Mallorca and family-controlled, is one of Spain's largest hotel groups, running resorts and city hotels across Spain, the Caribbean, Latin America and beyond under brands such as Meliá, Sol and Innside. Its heavy weighting to holiday resorts ties it closely to leisure travel and tourism. Meliá suspended its dividend during the pandemic collapse in travel and has only cautiously resumed payouts as hotels filled again, so its record is short and cyclical. A modest, recovering yield defines its profile; the stock depends on strong tourism and travel demand rather than dependable income.