International. The Meliá hotel chain revealed its financial results for the first quarter of 2015, highlighting that the progress in reducing its net debt in 2014 has allowed it to double the Net Profit obtained last year in 2015 and increase its Ebitda by 14%.
Meliá obtained a profit of US$18 million between January and March 2015, representing an increase of 98% compared to the same period in 2014. In addition, its revenues reached US$400 million, 14% more than in the previous year, and financial results improved by 27% (US$6 million).
As for Latin America, the performance of the resorts of the Dominican Republic and the Paradisus of Playa del Carmen and Cancun (Mexico) stands out, whose combined EBITDA improved by 29.4% due to the increase in direct sales, doubling compared to 2014, and the improvement of the MICE segment that exceeded last year's figures by 15%.
Gabriel Escarrer, Vice President and CEO of Meliá Hotels International, said in this regard that "Meliá's results undoubtedly benefit from the favorable wind that blows in the sector and in the economy, but the consistent evolution of its business and the extraordinary improvement of its results is, above all, the result of a firm strategy and the continued commitment of our Group during the last three years, in the fields of internationalization, innovation, digitalization, quality and management excellence".
