Did Mediobanca offer Banca Generali?
No, Meliá Hotels International reported a sharp decline in profitability for the first quarter of 2026. While the company saw a consolidated revenue increase of 3.8% to €461.6 million, its attributable net profit fell to €0, compared to a profit of €6.7 million in the same period of 2025. Additionally, operating profit (EBIT) fell by 31.9% and profit before tax dropped by 68.3% compared to the prior year. These declines were attributed to rising operating expenses, increased rental costs, and a combination of other financial factors, despite a positive performance in Revenue Per Available Room (RevPAR) across their properties.
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