Hoteles City Express Announces its Hotel Indicators for August 2022

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Mexico City, September 13th, 2022 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for August 2022.

Chain occupancy as of August 2022 is calculated based on 152 hotels and 17,356 rooms in operation. In August, the Company had no new hotel openings, however the franchising contract of the City Express Plus Chihuahua hotel of 122 rooms concluded.

The following graphs show the recovery trend in room rates and occupancies compared to 2019, a stable year for comparison basis. In August, occupancy increased 15.3 percentage points year over year, a recovery of 99.7% compared to the same period in 2019. The average daily rate increased by 7.6% year over year and recovered 111.8% vs. 2019. The combination of these results placed RevPAR at $652 pesos, 46.7% above that reported in the same month of 2021. This represented a 111.5% recovery for RevPAR vs. 2019.

In August, the Company’s operational strategy, as well as its rate optimization efforts, allowed it to exceed August 2019’s RevPAR (the stable comparison-basis year). Despite industry seasonality, when we historically observe occupancy and rate slowdowns, our occupancy remained stable, and we steadily continued to close the gap between current and 2019 RevPAR and occupancy for the month of August. As we have mentioned, the Company has focused its cost containment strategy on the high inflationary environment in Mexico by analyzing the trends for each zone and hotel, to lessen the impact of price increases.

Finally, consolidated level revenue for August was $286.4 million pesos, representing a 106.6% recovery (vs. stable year 2019).

 

Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact Details

Héctor Vázquez
Corporate Finance and IR
Phone: +52 (55) 5249 8067
E-mail: hvazquez@hotelescity.com 

Damian Fraser
Miranda IR
Phone: +52 55-5402-1295
 
About Hoteles City Express
Hoteles City Express is the leading and fastest-growing limited-service hotel chain in Mexico, in terms of number of hotels, number of rooms, geographic presence, market share and revenues. Founded in 2002, Hoteles City Express specializes in offering high-quality, comfortable and safe lodging at affordable prices via a limited-service hotel chain geared mainly towards domestic business travelers. With 152 hotels located in Mexico, Costa Rica, Colombia and Chile, Hoteles City Express operates five distinct brands: City Express, City Express Plus, City Express Suites, City Express Junior and City Centro, to serve different segments of its target market. In June 2013, Hoteles City Express completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol “HCITY” furthermore, on October 8, 2014, Hoteles City Express completed a follow on with the aim of accelerating its growth in new hotels over the next few years.

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