Grupo Posadas SAB de CV - Company Profile
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Business Description
Grupo Posadas SAB de CV (Posadas) is an operator of hotel properties in urban and coastal destinations of Mexico. The company carries out ownership, leasing, administration, and operations of hotels including, vacation plans for the individual customer and travel consultants.
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Business Segments
Overview
Includes charges payable to hotels in accordance with hotel management agreements; trademark use and franchise fees; and charges for various centralised services. Payroll for the employees that oversee hotel operations, the price of reservation services, centralised accounting, purchasing and technological service fees, and the recovery of GDS (Global Distribution System) costs are the main costs and expenses incurred by this segment.
Performance
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Overview
Includes rent of hotel rooms, the sale of food and drink to guests, and the provision of ancillary services (such as laundry, phone, spa, etc.). The costs incurred by the segment include the wages of the staff who provide services to hotel guests, the price of food and beverages, and hotel operational costs, which include salaries for sales and administrative staff as well as office expenses, power, insurance, and property taxes. For hotels that are leased, an additional rent charge is created.
Performance
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Overview
Includes Membership sales, interest from financed purchases, yearly dues, and revenue from using "Kivac" and "FAV Access" programmes effectively are all sources of income. The value of real estate sold under the FAVC and LARC regimes, marketing costs incurred for potential clients, collection costs, payroll costs for employees working at Vacation Club locations, including electricity and insurance, payroll costs and office expenses for sales and administrative staff, as well as hotel exchange costs, are just a few of the costs and expenses that are included.
Performance
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