Chain occupancy as of January 2023 is calculated based on 151 hotels and 17,296 rooms in operation. In January, the Company had no new hotel openings. Occupancy was 47.5%, an increase of 9.4 percentage points vs. the same month in 2022. The average daily rate increased 12.5% year over year, reaching $1,188 pesos, which led to a RevPAR of $563 pesos, an increase of 40.4% vs. 2022.
The following graphs show the recovery trend in room rates and occupancies compared to the previous year. In January 2023, the occupancy and rate increase trend continued, reaching higher levels than in the same month of the previous year.
Despite January historically being the month with the lowest occupancy of the year, we posted strong results and maintained the portfolio’s positive trend, especially in the Northwest, Northeast, and Metropolitan areas of the country. These regions, just as they did in the fourth quarter of 2022, had higher occupancy and rate levels compared to the other regions. We attribute the Chain’s positive results to the reactivation of corporate travel throughout the country and to increased leisure travel in the border regions.
Finally, consolidated revenue for January was $255.5 million pesos, representing a 39.8% increase (vs. the previous year 2022).
Miranda Newswire – Full Press Release: Download PDF
Investor Relations Contact Details
Corporate Finance and IR
Phone: +52 (55) 5249 8067