More folks experience luxury travel to invest in the self. Travelers crave a different kind of luxury these days, as more hotels offer the five-star experience. They arent looking at the number of stars anymore, nor do they desire to frequent the places that celebrities tend to go. Tourist traps are out, and authentic, experiential luxury travel is in.
Hotels in Mexico reported a 0.6% increase in occupancy to 65%, a 5% decrease in ADR to 2,568.88 Mexican pesos ($136.66) and a 4.4% decline in RevPAR to 1,668.87 Mexican pesos ($88.78).
Total Revenues were $686.1 million, which is a 20.1% increase over the same quarter in 2017, due mainly to an 11.1% increase in the number of Installed Room Nights at the Chain level, in combination with growth of 7.0% in the RevPar.
Represents Brand's 137th Hotel