Earnings Report /
Mexico

Grupo Hotelero Santa Fe: Quarterly Report 3Q21: Solid recovery in results continues

  • HOTEL show significant improvement due to higher hotel demand, higher rates and solid operating leverage

  • The higher operating leverage was reflected in an EBITDA of MXN 103 million, with a margin of 22.3%,better than expected

  • We expect better results in the coming quarters as a result of the economic recovery and the vaccination process

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Banorte
25 October 2021
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