The portfolio’s occupancy as of April 2025 was calculated based on 157 hotels and 18,292 rooms in operation. No hotel openings were recorded during the month.
Total portfolio occupancy stood at 56.0%, a decrease of 1.6 percentage points compared to the same month in 2024. The ADR reached $1,427, 8.0% higher than the previous year. RevPAR was $799 pesos, reflecting a 4.9% increase compared to 2024.
During the month, the hotel portfolio delivered strong performance, particularly in the Northern region of the country. The shift of the Easter holiday from March in 2024 to April in 2025 led to an increase in leisure travel, which allowed the Company to raise rates in certain locations due to higher demand.
In the Select Service segment, all regions surpassed their average rate from 2024, with the Northern region of the country standing out due to an improved trend in traveler activity, driven by greater clarity around trade measures issued by the U.S. government. Additionally, higher hotel demand in some cities such as Mexico City, Puebla and Tampico resulted in a 3.6 percentage point increase in the average rate above inflation.
Given the focus of Full-Service hotels on primarily leisure travelers, occupancy levels rose by 0.6 percentage points compared to March 2025. The higher average rate charged by this segment contributed to a 0.4 percentage point increase in the portfolio’s ADR, above what would have been achieved if only Select Service hotels had been included.
By brand, City Centro, City Express Suites, and City Express Junior by Marriott recorded the highest RevPAR increases, with year-over-year growth of 18.3%, 17.7%, and 6.6%, respectively. As mentioned earlier, the Easter holiday boosted hotel demand across our locations, particularly in the Southern region of the country. City Centro and City Express Suites were the brands that posted the strongest gains in both occupancy and average rate, as they are better suited to leisure travelers.
By region, the South, Northeast, and Metropolitan areas of Mexico posted the highest RevPAR improvements compared to 2024, with increases of 13.8%, 10.5%, and 8.7%, respectively. We saw a higher number of travelers across our properties in states such as Puebla, Veracruz, Tamaulipas, and San Luis Potosí.
Finally, consolidated revenue for April reached $364.6 million pesos, increasing by 11.7% vs. the same month of 2024.
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance, Treasury, and IR
Phone: +52 55-5249-8067
E-mail: hvazquez@norte19.com