The portfolio’s occupancy as of May 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 54.7%, a decrease of 1.7 percentage points compared to the same month in 2024. The ADR reached $1,379 pesos, 5.8% higher than the previous year. RevPAR was $755 pesos, reflecting a 2.7% increase compared to 2024.
During the month, Metropolitan regions, as well as select cities in the North and South, recorded the highest increases in RevPAR. Our hotels in the Bajío region stood out, with an 11.3% increase in the ADR, compared to a 5.8% increase across the total portfolio.
In the Select Service segment, the Southern, Metropolitan, and Northwestern regions recorded the strongest RevPAR growth, with increases of 11.5%, 4.6%, and 3.2%, respectively. Hotels in Mexico City, Baja California, Puebla, Veracruz, and Tlaxcala were highlights, benefiting from stronger demand and RevPAR increases of up to 30.0%.
Hotels in the Full-Service segment reached an occupancy rate of 48.4% and an ADR of $1,503, which is 9.4% higher than the average rate of the Select Service portfolio. These hotels in the Bajío region followed the performance observed across the rest of the portfolio, maintaining steady occupancy and rate levels.
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. Since they are primarily located in major metropolitan areas such as Mexico City, Guadalajara, and Monterrey, City Express Plus by Marriott hotels achieved notable RevPAR gains, driven by higher average daily rates.
Finally, consolidated revenue for May reached $349.2 million pesos, increasing by 6.7% vs. the same month of 2024.
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