Posadas, Mexico's Largest Hotel Group, Competes Against Global Giants
03.12.2023 - 15:57
/ skift.com
/ Latin America
/ Sean Oneill
Grupo Posadas is Mexico’s largest homegrown hotel operator, but U.S. analysts rarely discuss it.
The indifference may be an oversight as Posadas looks set to grow. Larger players examining the world’s sixth-most visited country for opportunities ought to keep the company in mind.
“We are focused on exponential growth,” said director and CEO José Carlos Azcárraga Andrade.
In May, Marriott officially acquired City Express, a Mexican brand, for $100 million. What might be the next move by U.S.-based and Europe-based hotel companies in Mexico?
What am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance.
Read the full methodology behind the Skift Travel 200.
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