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).
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