Mexico · Delayed Price · Currency is MXN Grupo Hotelero Santa Fe Earnings Call Transcripts
Fiscal Year 2026
-
Q3 revenue fell 4.5% YoY and EBITDA declined 18%, while operating income edged higher. An MXN 80 million non-cash FX loss drove a quarterly net loss; management expects seasonal ADR improvement and continued demand stabilization.
-
Q1 occupancy rose to 73%, but lower ADR and weaker demand reduced revenue and EBITDA. Cost cuts of nearly MXN 58 million helped cushion pressure; discounted pricing is expected to continue in Q2 as the Ixtapa acquisition advances.
Fiscal Year 2025
-
FY2025 revenue rose 14% and EBITDA reached a record MXN 902 million, while Q4 earnings were hit by inflation and extraordinary costs. An Ixtapa resort acquisition is targeted for H2 2026, subject to approvals.
-
Q3 revenue and EBITDA grew YoY, while operating income was reduced by higher non-recurring maintenance expenses. Management expects improved U.S. demand into year-end and winter 2026.
-
H1 revenue rose 23.6% and EBITDA 31.3%, with portfolio occupancy at a seven-year first-semester high. Q2 EBITDA grew 31%, while management cited softer May–June bookings and FX uncertainty, and expects city occupancy to keep rising in H2.
-
Q1 revenue rose 25% and EBITDA 26%, with record first-quarter occupancy of 72%. Management cited positive demand signals but flagged tariff uncertainty, cost pressures, and possible occupancy softness.
Fiscal Year 2024
-
2024 revenue edged up 1%, while EBITDA declined 4% amid tourism, currency, and Acapulco renovation headwinds. Q4 set records for sales and EBITDA as occupancy, ADR, and RevPAR improved.
-
9M24 occupancy reached a seven-year high, with a 25.7% EBITDA margin, while 3Q revenue rose 3.4% and EBITDA declined 7.7% amid cost pressure and Acapulco rebuilding. Full reopening was targeted for November; planned long-term financing and insurance proceeds were expected to repay Acapulco's working-capital debt.
-
H1 occupancy reached a six-year first-semester high, while Q2 EBITDA and net income were pressured by Acapulco’s temporary closure, FX losses and prior-year sale gains. Acapulco reopened in July, with full room capacity targeted by November.
-
Q1 occupancy hit a five-year first-quarter high of 70%, while revenue and EBITDA fell 11% and 16% YoY, respectively, amid FX and property-related headwinds. Management plans gradual Q2 rate increases and a phased Acapulco reopening from July.
Fiscal Year 2023
-
FY23 revenue and EBITDA each rose 12% YoY despite the Acapulco closure. Q4 EBITDA fell 16%, while net income returned to a MXN 5 million gain; all 400 Acapulco rooms were targeted to reopen by year-end 2024.
-
9M revenue and EBITDA grew 18% and 24% YoY, while Q3 EBITDA and operating income declined. Peso appreciation, inflation and new-hotel ramp-up weighed on margins; management sees 2–3 years for stabilization and remains focused on growth investment.
-
Q2 EBITDA rose 6% to MXN 204 million, while the Barceló Guadalajara sale drove operating income and net income sharply higher. Tourism deceleration pressured occupancy; 2H ADRs are expected to be flat, with possible slight increases.
-
Q1 results strengthened on higher room and food-and-beverage revenue, lifting EBITDA 77% and net income to MXN 233 million. Tourism remained strong; Hyatt Regency Mexico City opened, while Secrets Tulum was targeted for 2H23.