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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on November 11, 2024

    Featured image for article about Top Stories

    MADRID (Reuters) – Spain’s largest hotel chain, Melia Hotels, on Monday said its net profit over the first nine months of the year rose 24% to 118.6 million euros ($126.83 million) beating analysts’ expectations, thanks to a good summer season.

    The company also said it reaped the benefits of its investments in luxury rooms in holiday resorts.

    Revenues at the hotel chain, which offers more than half of its room as premium ones, rose 4.5% in the year to September to 1.54 billion euros, in line with analysts’ estimates.

    The Mallorca-based company’s third-quarter sales were 584 million euros, 2.7% higher than in the same period of 2023, the company added.

    Analysts, on average, had expected net income of 110 million euros and sales of 1.54 billion euros during the first nine months of the year.

    ($1 = 0.9351 euros)

    (Reporting by Corina Pons, editing by Inti Landauro)

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