Melia Hotels international published good 9M results marked by: a 6.6% increase in consolidated revenue (excluding gains from the Real Estate division) supported by the improvement in the hotel business with a RevPAR increase of 9.9%, of which more than 80% is explained by price increases; a rise in both EBITDA and EBIT (respectively +9.8% and 14.9%, excluding capital gains and the reversal of onerous contracts); favourable progress in financial expenses (-43.1%) due to the €240m d
08 Nov 2016
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Melia Hotels International, S.A. (MEL:WBO) | 0 0 -0.3% | Mkt Cap: 2,596m
- Published:
08 Nov 2016 -
Author:
Bérénice Lacroix - Pages:
Melia Hotels international published good 9M results marked by: a 6.6% increase in consolidated revenue (excluding gains from the Real Estate division) supported by the improvement in the hotel business with a RevPAR increase of 9.9%, of which more than 80% is explained by price increases; a rise in both EBITDA and EBIT (respectively +9.8% and 14.9%, excluding capital gains and the reversal of onerous contracts); favourable progress in financial expenses (-43.1%) due to the €240m d