Melia Returns to Profit After Cuba Exit
Spanish hotel operator Melia reported a third quarter profit of €89.4 million, rebounding from a first-half loss following its exit from Cuba. Summer resort demand drove an 8 percent revenue increase.
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MELIA HOTELS INTERNATIONAL posted a third-quarter net profit of €89.4 million ($100 million) on Tuesday, rebounding from an earlier first-half loss following its exit from Cuba.
