MEXICO CITY, Feb. 23, 2018 (GLOBE NEWSWIRE) -- Grupo Hotelero Santa Fe, S.A.B. Of C.V. (BMV:HOTEL) ("HOTEL" or "the Company"), one of the leading companies in the hotel industry in Mexico, announced its 2018 guidance. The information follows:
Total Revenues 2018: Ps. 2,250 million
Total Revenues 2017: Ps. 1,582 million
Change in Revenues: Ps. 668 million
% Change in Revenues: 42.2%
EBITDA 2018: Ps. 803 million
EBITDA 2017: Ps. 528 million
Change in EBITDA: Ps. 275 million
% Change in EBITDA: 52.0%
EBITDA Margin 2018: 35.7%
EBITDA Margin 2017: 33.4%
Change in EBITDA Margin: 230 basis points
HOTEL’s 2018 guidance has been prepared using average exchange rate US Dollar/Mexican Peso of US$: $19.00
About HOTEL
HOTEL is a leading company in the Mexican hotel industry, centered on acquiring, converting, developing and operating its own hotels as well as third party-owned hotels. The Company focuses on strategic hotel location and quality, a unique hotel management model, strict expense control and the proprietary Krystal® brand as well as other international brands. As of year-end 2017, the Company employed over 2,800 people and generated revenues of Ps. 1,582 million. For more information, please visit www.gsf-hotels.com
Contact Information
Enrique Martínez Guerrero
CFO
+52 55 5261 0800
Maximilian Zimmermann
IR Director
+52 55 5261 4508