Meliá Hotels doubles profits, improves in all regions
May 15, 2015
PALMA DE MALLORCA, Spain – Meliá made a profit of €16.2 million between January and March 2015, representing an increase of 98% over the same period in 2014.
PALMA DE MALLORCA, Spain – Meliá made a profit of €16.2 million between January and March 2015, representing an increase of 98% over the same period in 2014. Revenues reached €359 million, 14% higher than in the previous year, and financial results improved by 27% (€5.3 million) due to the decrease in net debt and improved average interest rates.
• Net profit attributable improved by 98% and total revenue by 14% thanks to the strong performance of the hotel business and a RevPAR (Revenue Per Available Room) increase of 12%