Similarly, Los Cabos registered a growth of 25% in the reception of travelers, with the highest growth coming from the international market –of almost 30%–, while the passenger traffic of Vallarta Port soared 40%, with an international segment that exceeded 558,000 users in the month, 42.6% more than in 2019.
“The set of three airports that has received 67.8% of international tourists So far in 2022, it registered positive differences in the annual accumulated number of international passengers”, of 11.8%, according to a report by the Anáhuac Tourism Competitiveness and Research Center (Cicotur) on the airports of Cancún, Los Cabos and Puerto Vallarta.
“This month highlights that the accumulated annual number of passengers at the airport of Vallarta Port It already exceeds what was registered in the same period of 2019”, he points out.
For operators Grupo Aeroportuario del Pacifico (GAP), Southeast (asur) and the North Center (WCO), there have been different factors that have increased their respective passenger traffic.
For Asur –with a portfolio of airports located in pleasure destinations–, the recovery of tourism has been the key, where the airlines have also set their sights.
“During 2022, we estimate that a favorable growth trend will continue, as a result of a greater appetite for Pleasure tripsas well as a greater offer of routes by airlines and the new measures adopted for commercial flights”, says Brian Rodríguez, an analyst at Monex Grupo Financiero, in an analysis of Asur.
In the case of GAP, the proximity to USA It has been the engine of growth for several airports. “Internationally, Tijuana maintains the best trend with an increase of 52.6%, derived from an increase in Cross Border Xpress (CBX) users,” he adds.
The international segment seems to be the engine that has driven the most significant growth, since in holiday destinations, for example, its low dynamism has been related to a slow recovery, as has been the case in Acapulcowhich still stands at 3.6% below 2019 levels. Similarly, Monterey It has not reached pre-pandemic traffic either, but it is 4% away from recovering it.
“OMA’s EBITDA growth of 40% compares to ASUR’s 61% and GAP’s 46%”. In addition, OMA is the only one of the trio whose profit per share was below the consensus and its cash flow from operations was lower than a year ago”, refers to a Citibanamex analysis signed by Stephen Trent and Filipe Nielsen.
“Going forward, better visibility into the recovery of business travel, not just cash dividends, could be critical for OMA stock.”