The portfolio’s occupancy as of December 2024 was calculated based on 151 hotels and 17,394 rooms in operation. There were no hotel openings this month.
Occupancy stood at 49.3%, a decrease of 0.7 percentage points vs. the same month of 2023. The average daily rate increased 9.6% vs. the same month of 2023, reaching $1,369 pesos. In December, RevPAR was $675 pesos, an increase of 8.0% vs. 2023.
As in previous years, December was marked by a downward trend in our occupancy levels compared to November. With fewer business travelers and increased leisure travelers, the Company prioritized maximizing average rates to capitalize on tourism while remaining the most attractive cost-benefit option in each market. This led to an 8.0 percentage point increase in RevPar, with a minimal occupancy decline.
During the month, all brands in the portfolio increased their RevPar. City Centro, City Express Plus, and City Express Junior by Marriott stood out, posting year-over-year RevPar increases of 24.9%, 15.6%, and 10.9%, respectively. This aligns with the industry’s cyclical trends and the rise in leisure travelers during December, who primarily stay at City Centro and City Express Plus by Marriott.
By region, December marked the eighth consecutive month in which the Metropolitan, Central West, and Northeast regions recorded the highest RevPAR growths, with increases of 18.7%, 8.7%, and 5.5%, respectively. The Metropolitan region benefited from the previously mentioned increase in leisure travelers.
Finally, consolidated revenue for December reached $317.4 million pesos, increasing by 11.1% vs. the same month of 2023.
Miranda Newswire – Full Press Release: Download PDF
Investor Relations Contact Details
Héctor Vázquez
Corporate Finance, Treasury, and IR
Phone: +52 55-5249-8067
E-mail: hvazquez@norte19.com