Sol Meliá Sails On Smoothly in the Caribbean

The first three quarters of the ongoing year couldn’t be any better for Sol Meliá. The Spanish hotel chain has reportedly netted €55.5 million worth of gains, compared to little more that €32 million in the first nine months of 2003.

Sol Meliá’s benefit estimates before tax deduction and hedges earlier this year was hovering around 20 percent, yet the company scooped up an unthought-of 24.1 percent increase.

For the Spanish giant’s front office, these excellent results have a lot to do with the consistent evolution of business operations in the Caribbean and the increasing number of offshore urban lodgings. Other elements that have chipped in a bit of their own are the resiliency of the Spanish resort market and the launch of the Sol Meliá Vacation Club project.