The portfolio’s occupancy as of January 2024 was calculated based on 152 hotels and 17,503 rooms in operation. In January, there were no new hotel openings.
Occupancy reached 47.6%, an increase of 0.1 percentage points vs. the same month of 2023. The average daily rate increased 5.5% vs. the same month of 2023, reaching $1,253 pesos. In January, RevPAR was $597 pesos, an increase of 5.9% vs. 2023.
The following graphs show the trend in room rates and occupancy levels compared to 2023. The South, Northwest, and Southeast regions continued to show higher increases in occupancy compared to the previous year. Average daily rates in Mexico increased by 6.7%, with the most significant rises in the Southeast, Metropolitan, and Northeast regions.
During the month, we noticed an increase in business trips booked through direct channels, along with a decrease in reservations made through online travel agencies (OTAs). This enabled our portfolio to offer more competitive rates and quickly respond to changes in demand for each plaza. Compared to the same month of 2023, we highlight the performance of the effective rates of our hotels in the South, Center, and Bajio regions, recording an average increase of 12.9% in these zones.
Finally, consolidated revenue for January reached $270.6 million pesos, increasing by 5.9% vs. 2023.
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance, Treasury and IR
Phone: +52 (55) 5249 8067
E-mail: hvazquez@hotelescity.com