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Grupo Posadas

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Hospitality company based in Mexico City

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Grupo Posadas, S.A.B. de C.V.
The Grand Fiesta Americana Puerto Vallarta, one of Grupo Posadas' hotelsThe Grand Fiesta Americana Puerto Vallarta, one of Grupo Posadas' hotels
Company typeBMV: POSADAS A
Founded18 April 1967; 57 years ago (1967-04-18)
FounderGastón Azcárraga Tamayo
HeadquartersMexico City, DF, Mexico
Key peopleJosé Carlos Azcárraga Andrade Presidente & CEO
ProductsHotels
Resorts
Hospitality
RevenueMXN 9,072.71 million (2019)
Net incomeMXN −79.86 million (2019)
Number of employees18,821 (2020)
Websitewww.posadas.com

Grupo Posadas, S.A.B. de C.V. 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. As of 2020, the company operates more than 150 hotels with 24,000 hotel rooms.

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. MexicanaClick and MexicanaLink are also now defunct.

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 Grand Fiesta Americana, as well as IOH Freestyle Hotels, One Hotels, Gamma Hotels, The Explorean and Live Aqua.

History

In 2012, Grupo Posadas sold its South American brands Caesar and Caesar Business to Accor Hotels. 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.

References

  1. ^ "Grupo Posadas SAB de CV". Bloomberg News. Retrieved May 26, 2020.
  2. ^ "POSADASA:MM". Bloomberg News. May 26, 2020. Retrieved May 26, 2020.
  3. ^ "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 Archived August 29, 2010, at the Wayback Machine
  5. "Mexicana | Book Our Flights Online & Save | Low-Fares, Offers & More".
  6. "Our Brands". Grupo Posadas. Retrieved May 26, 2020.
  7. "Accor buys 15-hotel Grupo Posadas portfolio". Archived from the original on April 11, 2013. Retrieved February 7, 2013.
  8. "Home". fiestarewards.com.
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