Business · Companies · 10 hrs ago
Meliá's nine-month profit falls 47% after leaving Cuba
Meliá Hotels International's profit fell about 47% in the first nine months of 2026, to roughly €94 million.
The Spanish hotel group said revenue rose 7.2% to €1.709 billion over the same period.
Its departure from Cuba weighed on the results, with €79.8 million recorded as the impact of discontinued operations.
Meliá completed its exit from the island on 24 July, ending nearly four decades of activity there.
Hotel demand was strong, especially in Spain, and revenue per available room increased across the period.
The company still expects strong growth for the full year, forecasting a high-single-digit rise in that measure.
Meliá also aims to sign up to 40 new hotels and open 24 this year; it had signed 20 and opened 17 by the time of its results.
Meliá Hotels International reported a 47% fall in profit for the first nine months of 2026, following its exit from Cuba.
The company completed its departure from Cuba on July 24, ending nearly four decades of operations there.
Revenue rose 7.2% to €1.709 billion, while the Cuba exit had an impact of €79.8 million.
Available-room revenue increased 16.5% over the nine-month period, or 7.6% excluding the Cuba exit.
Meliá said it remained optimistic about the final quarter and maintained its hotel-signing and opening targets for the year.
- Who
- Meliá Hotels International, the Spanish hotel group.
- What
- It reported a 47% fall in profit for the first nine months of 2026, with its Cuba exit weighing on results.
- When
- The results cover the first nine months of 2026 and were reported on November 3, 2026.
- Where
- The results cover Meliá’s business; the departure concerned its operations in Cuba.
- Why
- The exit from Cuba and related impact of €79.8 million weighed on profit.
This story does not have two clearly opposing sides.
Meliá completed its definitive exit from Cuba, ending nearly four decades of activity on the island.
Meliá reported its results for the first nine months of the year.
- Nine-month revenue
- €1.709 billion, up 7.2%
- Nine-month profit
- €93.5 million according to 20minutos; €94 million according to Expansión
- Cuba exit impact
- €79.8 million
- Cuba departure
- Completed July 24, 2026
- Hotel signings to date
- 20 new hotels with 4,500 rooms
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What people are saying
The dynamism and strength demonstrated across our destinations, especially Spain during the high season, together with our cost discipline and the effectiveness of our commercial strategy, are allowing us to absorb much of the extraordinary impacts and maintain solid expectations for the full year, supported by the strength and resilience of our business
Meliá’s performance during the first nine months of the year confirms the strength of our business and the success of the strategic transformation undertaken by the company