Fibra Inn Announces Hotel Indicators for January 2018
MONTERREY, Mexico, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13) (ADR OTC:DFBRY) (“Fibra Inn” or “the Company”), an internally managed Mexican real estate investment trust specialized in the hotel industry serving the business traveler with global brands, today announced its operating results for its hotel indicators for January 2018.
| MONTHLY SAME-STORE SALES | |||
| 41 hotels | Jan 2018 | Jan 2017 | Change % |
| Room Revenue (Ps. millions) | 144.2 | 136.1 | 5.9% |
| Occupancy | 56.9% | 52.0% | 5 pp |
| ADR (Ps.) | 1,244.1 | 1,287.2 | -3.3% |
| RevPar (Ps.) | 708.1 | 668.7 | 5.9% |
The 5.9% increase in Revenue per Available Room was the net effect of the following:
- The 3.3% decrease in the average daily rate as a result of the management of dollar-related rates, which lessened the impact of lower average exchange rate depreciation for January 2018; which was under 11.3%.
- A 5.0 percentage point increase in occupancy. Traditionally, during the months of December and January tend to have lower occupancy as a result of the seasonality of the vacation period, which generates a lower number of business travelers. However, the figures for month increased compared to the previous year.
Total Sales for January 2018 were:
| TOTAL MONTHLY SALES | |||
| Jan 2018 | Jan 2017 | Change % | |
| Number of hotels | 42 | 42 | |
| Room Revenue (Ps. millions) | 146.3 | 138.0 | 6.0% |
| Occupancy | 56.2% | 50.6% | 5.6 pp |
| ADR (Ps.) | 1,244.0 | 1,278.4 | -2.7% |
| RevPar | 699.5 | 647.2 | 8.1% |
The same-store sales calculation considers all of the hotels which have been in Fibra Inn’s portfolio for at least half of the period under discussion. In this case, it is important to consider that the Casa Grande Ciudad Juarez hotel has been closed since September 2017 due to its 51-room expansion and conversion to the Holiday Inn brand. Additionally, the AC Hotels by Marriott Guadalajara remained closed during January 2017 during its band conversion.
Fibra Inn has a portfolio of 43 total properties, with 6,944 rooms; out of which 6,748 are in operation, 145 are under a rebranding process and 51 are in the expansion process. Furthermore, Fibra Inn has a minority interest in three properties, currently being externally developed under the Strategic Hotel Acquisition Pipeline model, representing 633 rooms.
In Monterrey, Mexico:
Lizette Chang, IRO
Fibra Inn
Tel: 52 1 (81)1778-5926
Email: lchang@fibrainn.mx
In New York:
Maria Barona
i-advize Corporate Communications, Inc.
Tel: (212) 406-3691
Email: mbarona@i-advize.com
Twitter: @fibrainn.mx
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