The Chain’s occupancy as of August 2023 was calculated based on 151 hotels and 17,366 rooms in operation. In August, there were no new hotel openings.
Occupancy reached 57.1%, a decrease of 0.3 percentage points vs. the same month of 2022. Average daily rate increased by 7.1% year over year, reaching $1,215 pesos, which led to a RevPAR of $693 pesos, an increase of 6.4% vs. 2022.
The following graphs show the recovery trend in room rates and occupancy levels compared to the previous year. During August, we observed a slowdown in the improvement trend vs. the previous year, mainly in LATAM and Midwest hotels. However, we are continuing in our efforts to maintain our rate above the level of inflation.
During August, we observed a decline in the improvement trend vs. the previous year, due to the industry’s cyclicality during this month. The Metropolitan region displayed the highest increases in occupancy and rates vs. the previous year, followed by the Southeast and South regions. The Company remains committed to cost containment through a location-based analysis strategy, thereby maintaining competitive rates and addressing inflation.
Finally, consolidated revenue for August reached $300.3 million pesos, representing a 4.9% increase vs. the same month of the previous year.
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