Melia : No real surprises, the real test will be Q3
>No real surprise in Q2 - Melia published its Q2 results yesterday evening, showing consolidated sales of € 228m (€ 26m in Q2 2020), including € 77m for the property division (only € 2m in Q2 2020) and € 28m in direct aid from the German government. For the hotel division alone, sales fell by 70% versus Q2 2019, which is a notable improvement on the decline of 84% in Q1 (versus 2019). By region, we note a more rapid pace of recovery in Spain (nearly half of the group’...Melia Hotels International is the parent company of a group engaged in the acquisition, management and operation of hotels. Co. operates its hotel network in Germany, Argentina, Brazil, Bulgaria, Cabo Verde, Chile, China, Costa Rica, Croatia, Cuba, Egypt, Spain, United States, France, Greece, Netherlands, Indonesia, Italy, Luxembourg, Malaysia, Mexico, Panama, Peru, Portugal, Puerto Rico, United Kingdom, Dominican Republic, Singapore, Switzerland, Tunisia, Uruguay, Venezuela and Vietnam under the followings brandnames: Paradisus Resorts®, Melia Hotels & Resorts®, TRYP Hoteles® and Sol Hotels & Resorts®.
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