Grupo Posadas

Grupo Posadas SAB de CV

Type	BMV: POSADAS
Founded	1967 (47 años)
Founder	Gastón Azcárraga Tamayo
Headquarters	Mexico City, DF, Mexico
Key people	José Carlos Azcárraga Andrade Presidente & CEO
Products	Hotels Resorts Hospitality
Revenue	MXN 8,550.36 millions (2013)[1]
Net income	MXN −1,753.26 millions (2013)[2]
Website	www.posadas.com

Grupo Posadas SAB de CV or Posadas is a Mexican hotel company based in Mexico City. It owns, leases, operates and manages hotels, resorts and villas in its 6 different brands. To December 31, 2013 Grupo Posadas operates and controls 110 hotels and resorts with a total of 18.943 rooms in 45 cities in Mexico and the United States. The only destination outside Mexico is in the state of Texas, in the United States.^[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, Fiesta Americana, and Fiesta Americana Grand, as well as One, and Live Aqua.

History

In 2012 Grupo Posadas sold its South American brands Caesar and Caesar Business to Accor Hotels.^[6] 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.^[7]

References