Sol Meliá Predicts No Major Losses from Swine Flu Scare

The Spanish hotel company Sol Meliá has shared its concern on a humanitarian level with the situation in Mexico, but has also been quick to deny rumors of a major impact of the virus on company performance. According to Gabriel Escarrer Jaume, vice chairman and CEO of Sol Meliá, the impact is expected to be mild given that “the problem has come about in what is the now the low season in the region, with the revenues from Mexican hotels in May and June making up only 1.04 percent of the total.”