Mexico

Grupo Hotelero Santa Fe: HOTEL, Quarterly Report 1Q21: Better recovery outlook, albeit gradual

  • HOTEL recorded y/y declines, after a complex early year, which led hotel occupancy rates to show no improvement q/q

  • Inflection point in figures will be in 2Q21, on an easier comparative and better demand. Maintaining liquidity focus

  • We set a PT2021 of MXN 5.70. The recovery outlook is interesting, although risks prevail in the sector

https://cdn.tellimer.com/providers/badge-banorte-EobAbKHtWMEQBCkEA6lSSX32TSXDmiYABBL7aTiF.png
Jose Itzamna Espitia Hernandez @ Banorte
April 27th, 2021
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