Hoteles City Express has been the company most under pressure, unable to return to the profit arena since the beginning of the pandemic, mainly because it is focused on the business travel segment, which continues to be weakened. In addition, in a similar way, RLH Properties has not been able to make a profit since the beginning of the pandemic, having losses of 27.9 million pesos in the period.
Together, the revenues of the five issuers totaled 4,956.4 million pesos, just 9.5% below the second quarter of 2019. For Julián Fernández, analyst at the Bursamétrica firm, this is due to a generalized recovery in the beach vacation segments, since complexes in cities are still under pressure in terms of sales and occupations.
“We are scratching the results prior to the pandemic (…) What we see is a vacation of expenses lagged by the population, which, after being locked in by the pandemic situation, seeks a way out from the green light and an improvement in results in the contagion of the pandemic ”, he explains.
The recovery of income, which began in March and will surely last until the end of August, translates into a rebound that faces new challenges, such as the recent increase in infections worldwide by the Delta variant of COVID-19, warns Roberto Montalvo, academic from the Universidad Iberocamericana.
“This can cause us to drop both commercial and tourist activity. Business and recreational trips can come down, ”explains the specialist. “The effect will be stronger in city destinations than in beaches, because being a country that does not have many restrictions to enter, Mexico continues to attract mainly North American tourists, so there will not be such a pronounced effect on the beach.”