The portfolio’s occupancy as of November 2024 was calculated based on 151 hotels and 17,394 rooms in operation. There were no hotel openings this month.
Occupancy stood at 62.6%, a decrease of 0.4 percentage points vs. the same month of 2023. On the other hand, the average daily rate increased 11.1% vs. November 2023, reaching $1,404 pesos, the highest rate in Company history. In November, RevPAR was $879 pesos, an increase of 10.4% vs. the same month of 2023.
This month, the Company’s strategy sought to leverage the increase in traveler traffic observed during November, particularly in the Metropolitan region. This resulted in the highest average rate in the history of our hotel portfolio. The average rate continued to outpace annual inflation, with November’s ADR year-over-year increase exceeding inflation by 6.5 percentage points.
All City Express by Marriott brands reported RevPAR increased. Notably, the City Centro and City Express Plus achieved RevPAR growth of 26.4% and 14.9%, respectively. The City Express, City Express Junior, and City Express Suites by Marriott brands recorded RevPAR increases of 8.8%, 8.1%, and 5.6%, respectively.
By region, November marked the seventh consecutive month in which the Metropolitan, Central West, and Northeast regions recorded the highest RevPAR growths, increasing by 22.7%, 10.3%, and 9.3%, respectively. The six hotels in Latin America also achieved a 23.1% increase in RevPAR.
Finally, consolidated revenue for November reached $393.0 million pesos, increasing by 15.0% vs. the same month of 2023.
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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