• Melia pushes for growth

Spanish hotelier Melia improved revpar 5.8% through 2013, growing ebitda 28.3% with record sales of EUR212m. A EUR76m writedown relating to derivatives would not affect cashflow, management noted.

Melia expects revpar to improve 8% in the first quarter. It aims to sign 30 more hotels this year, and will open 58 through 2014 and 2015.
Read the full story here:
http://www.meliahotelsinternational.com/en/press-room/02282014/melia-earns-393-million-ongoing-operations-after-rigorous-debt-restructuring-and

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