Promotora de Hoteles Norte 19 Announces its Hotel Indicators for December 2024

Mexico City, January 31st, 2025 – Promotora de Hoteles Norte 19, S.A.B. de C.V. (“Norte 19” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for December 2024.

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

Ana Lucía Sors
Miranda IR
Phone: +52 833-293-4232
 
About Norte 19 
Norte 19 is a Mexican company that offers integrated solutions for the hospitality industry, dedicated to providing services ranging from the design and development of hotels to the operation and management of first-class hospitality businesses. With a track record spanning more than two decades, Norte 19 has stood out for its commitment to excellence in service, innovation in technology, and efficiency in operation. Norte 19 operates more than 150 hotels in Mexico, Colombia, Costa Rica, and Chile, establishing strong partnerships with recognized brands and continuously adapting to market demands. Norte 19 will maintain the same ticker symbol (“HCITY”) on the Mexican Stock Exchange (BMV).
For further information, please visit our website: https://norte19.com/en/investors

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