Grupo Posadas

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Grupo Posadas SAB de CV
TypeBMV: POSADAS A
Founded18 April 1967; 54 years ago (1967-04-18)[1]
Founder
HeadquartersMexico City, DF, Mexico
Key people
 Presidente & CEO
ProductsHotels
Resorts
Hospitality
RevenueMXN 9,072.71 million[2] (2019)
MXN −79.86 million[2] (2019)
Number of employees
18,821[1] (2020)
Websitewww.posadas.com

Grupo Posadas SAB de CV or Posadas is a hospitality company based in Mexico City. It owns, leases, operates and manages hotels, resorts and villas with its several different brands.[3] As of 2020, the company operates more than 150 hotels with 24,000 hotel rooms.[3]

Aviation[]

In 2005, Grupo Posadas took control of Mexicana de Aviación, Mexico's second largest airline group. Over the next few years, the new owners shifted their business focus from the airline group's largest but least profitable airline, Mexicana, toward its two smaller but more profitable affiliates, MexicanaClick and MexicanaLink. The Mexicana unit was eventually stripped and sold after a long dispute with the airline's unions failed to produce any significant givebacks by unions.[4] MexicanaClick and MexicanaLink are also now defunct.[5]

Hospitality[]

Groupo Posadas appears to have refocused on its core business in the hospitality industry and continues to operate several large Mexican hospitality brands, including the Mexico-wide Fiesta Inn, , and , as well as IOH Freestyle Hotels, One Hotels, Gamma Hotels, The Explorean and Live Aqua.[6]

History[]

In 2012, Grupo Posadas sold its South American brands Caesar and Caesar Business to Accor Hotels.[7] This appears to be a refocusing on the Mexican hospitality industry.

Fiesta Rewards[]

Fiesta Rewards is Grupo Posada's frequent traveler program for its hospitality brands.[8]

References[]

  1. ^ a b "Grupo Posadas SAB de CV". Bloomberg News. Retrieved May 26, 2020.
  2. ^ a b "POSADASA:MM". Bloomberg News. May 26, 2020. Retrieved May 26, 2020.
  3. ^ a b "Business Development" (in Spanish). Grupo Posadas. Retrieved May 26, 2020.
  4. ^ Loret de Mola, Carlos, Vendieron Mexicana en Mil Pesos, El Universal, August 28, 2010, http://www.eluniversal.com.mx/columnas/85636.html
  5. ^ "Mexicana | Book Our Flights Online & Save | Low-Fares, Offers & More".
  6. ^ "Our Brands". Grupo Posadas. Retrieved May 26, 2020.
  7. ^ "Archived copy". Archived from the original on April 11, 2013. Retrieved February 7, 2013.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ^ http://www.fiestarewards.com
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