The portfolio’s occupancy as of June 2024 was calculated based on 152 hotels and 17,533 rooms in operations. During the month, the Company inaugurated the 140-room City Express Plus by Marriott Monterrey Centro hotel, our eighth hotel in Monterrey.
Occupancy stood at 55.1%, a decrease of 0.9 percentage points vs. the same month of 2023. The average daily rate increased 11.5% vs. the same month of 2023, reaching $1,324 pesos. In June, RevPAR was $730 pesos, an increase of 7.6% vs. 2023.
In June, we saw a slowdown in occupancy, particularly in the Northwest, Southeast, and LATAM regions. This was partly due to our strategy of prioritizing average rate growth over occupancy to maximize effective rates in high-opportunity areas. Additionally, weather conditions in the Northwest and South reduced the number of travelers.
During the month, the City Centro, City Express Suites, and City Express Plus by Marriott achieved the highest RevPAR growth, with annual increases of 22.6%, 16.5%, and 14.8%, respectively, driven primarily by the reported average rate increases. The RevPAR of the City Express and City Express Junior by Marriott also increased by 4.8% and 5.0%, respectively.
Regarding the portfolio regions, the Northeast, Metropolitan, and Central West recorded the highest RevPAR increases for the second consecutive month, with increases of 17.8%, 13.7%, and 13.7%, respectively. We maintain a positive outlook for the Bajío region, where we have observed a rebound in the number of travelers to our hotels, though further growth opportunities remain.
Finally, consolidated revenue for June reached $320.6 million pesos, increasing by 11.7% vs. 2023.
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance and IR
Phone: +52 55-5249-8067
E-mail: hvazquez@hotelescity.com