Fibra Inn 3.4% RevPar Increase for July 2017
Fibra Inn Announces Hotel Indicators for July 2017
Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY), an internally managed Mexican real estate investment trust specialized in the hotel industry serving the business traveler, today announced its operating results for its hotel indicators of July 2017.
|MONTHLY SAME-STORE SALES|
|43 hotels||July 2017||July 2016||Change %|
Room Revenue (Ps. millions)
Occupancy exc. addition of rooms
RevPar exc. addition of rooms
The 3.4% increase in Revenue per Available Room was due to:
- A moderate increase of 3.5% in rates, which shows the effect of the average exchange rate appreciating by 4.0%; and
- A practically stable occupancy rate which varied by 10 bps.
Total Sales for July 2017 were:
|MONTHLY TOTAL SALES|
|July 2017||July 2016||Change %|
Number of hotels
|Room Revenue (Ps. millions)||161.7||152.8||5.8%|
The same-store sales calculation considers 43 comparable properties, as the criterion is to include hotels, which have been in Fibra Inn’s portfolio for at least half of the period.
To date, Fibra Inn has a total portfolio of 43 properties. This represents a total of 7,115 rooms, of which 222 are under construction. Additionally, Fibra Inn has a minority interest in two properties, currently being externally developed under the Strategic Hotel Acquisition Pipeline model, representing 430 rooms.
Fibra Inn is a Mexican trust formed primarily to acquire, develop and rent a broad range of hotel properties in Mexico aimed at the business traveler. The Company has signed franchise, license and brand usage agreements with international hotel brands for the operation of global brands as well as the operation of national brands. Additionally, the Company has development agreements. These hotels enjoy some of the industry’s top loyalty programs. Fibra Inn trades its Real Estate Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange under the ticker symbol “FINN13”; its ADRs trade on the OTC market in the U.S. under the ticker symbol “DFBRY”.
Categories: Hotel Industry News