The 9m 15 results reflected the strengthening of Spanish cities' hotels, with a strong summer season in the Mediterranean. Melia reported a 51% rise yoy in net profit to €52.3m. The Hotel business reported a 10.7% rise in RevPAR (85% explained by prices). FX along with stable costs LFL provided support to the EBITDA which soared by 28.5% yoy to €255m (+15.9% excl. capital gains) while the EBITDA margin gained 209 basis points to 19.3%. America recorded strong RevPAR growth (+4.8% in
