Spain's Melia Posts First-Half Loss of €7.5 Million After Cuba Exit
18 Articles
18 Articles
The benefit of Meliá Hotels falls 95 % until June for the cost of their departure from Cuba
El Periódico
The hotelier earns 4.1 million until June after providing the cost of dropping out of its 34 hotels on the island due to US sanctions, although it raises its revenue by 7% and reaffirms its annual objectives
Meliá feared that a possible sanction by the United States of Donald Trump for his business in Cuba would exclude him from the global financial markets. A risk that a company listed and present in the international markets cannot afford. Hence, but not only, he decided to leave the Caribbean island definitively two weeks ago. In a letter published along with the semi-annual results, the president of Meliá, Gabriel Escarrer , justifies the decisi…
Meliá Hotels International closed the first semester of 2026 with a consolidated net profit of 4.1 million euros, representing a decrease of 95.4% compared to...
Without Cuba’s impact, the consolidated net profit would have been €83.5M. It earned a revenue of €1.047.4 million, 7.1% more. More information: Iberostar stops operating twelve hotels in Cuba due to the threat of US sanctions
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