shares in melia hotels international fell on friday after the company reported earnings for the first quarter that missed analysts expectations due to higher costs at 0952 gmt shares were down 44 at eur542 the spanish hospitality company reported a quarterly net loss of 05 million euros 545825 compared with a loss of eur593 million a year ago as the travel and tourism industry continued to rebound from the pandemic revenue grew 46 to eur3961 million and earnings before interest taxes depreciation and amortization more than tripled to eur779 million the company said analysts at ubs said consensus expectations were for an ebitda of eur81 million but that personnel costs as well as miscellaneous costs like energy and taxes dented margins operating expenses climbed 26 in the quarter to eur3121 million melia said melia said it maintains a cautiously optimistic outlook for 2023 after it experienced demand in its core businesses at levels higher than before the pandemic for the third straight quarter the company anticipates a positive summer season in price evolution and occupancy levels chief executive gabriel escarrer jaume said adding that both metrics could surpass those recorded in 2019