Grupo Posadas

In 2005, Grupo Posadas took control of Mexicana de Aviación, Mexico's second largest airline group. Over the next few years, the new owners shifted their business focus from the airline group's largest but least profitable airline, Mexicana, toward its two smaller but more profitable affiliates, MexicanaClick and MexicanaLink. The Mexicana unit was eventually stripped and sold after a long dispute with the airline's unions failed to produce any significant givebacks by unions.^[4] Mexicana, MexicanaClick and MexicanaLink are also now defunct.^[5]

Groupo Posadas appears to have refocused on its core business in the hospitality industry and continues to operate several large Mexican hospitality brands, including the Mexico-wide Fiesta Inn, Fiesta Americana, and Grand Fiesta Americana, as well as IOH Freestyle Hotels, One Hotels, Gamma Hotels, The Explorean and Live Aqua.^[6]

In 2012, Grupo Posadas sold its South American brands Caesar and Caesar Business to Accor Hotels.^[7] This appears to be a refocusing on the Mexican hospitality industry.

In October 2021, Grupo Posadas filed for Chapter 11 bankruptcy protection in the US in an effort to stabilize its financial challenges and problems further escalated by the COVID-19 pandemic.^[8]

Fiesta Rewards is Grupo Posada's frequent traveler program for its hospitality brands.^[9]