The Chain’s occupancy as of November 2023 was calculated based on 151 hotels and 17,366 rooms in operation. In November, there were no new hotel openings.
Occupancy reached 63.0%, an increase of 0.4 percentage points vs. the same month of 2022. The average daily rate increased by 6.3% year over year, reaching $1,264 pesos. In November, RevPAR reached $796 pesos, an increase of 6.9% vs. 2022.
The following graphs show the recovery trend in room rates and occupancy levels compared to the previous year. Both average rate, and effective rate reached their highest level in the Chain’s portfolio history in November. During the month, we observed a slight recovery in the improvement trend vs. the previous year, driven by the Company´s effort to improve its positioning at the local level.
During the month, the performance of hotels in the South, Northeast and Southeast regions stood out, experiencing the highest increases in effective rate vs. the same month of the previous year, with increases of 15.7%, 14.5% and 11.8%, respectively. Likewise, hotels in the Central, South and Bajío corridors showed the highest variation vs. 2022 in effective rate, with increases of 21.2%, 17.7% and 17.3%, respectively. We attribute the increases in hotel operations to the reactivation of business travel in the South and Midwest areas of the country, which had lagged behind compared to the other regions.
Finally, consolidated revenue for November reached $341.8 million pesos, representing a 5.0% increase vs. the same month of the previous year.
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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