Mexico City, August 11th, 2022 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for July 2022.
Chain occupancy as of July 2022 was calculated based on 153 hotels and 17,478 rooms in operation. In July, the Company had no new hotel openings.
The following graphs show the recovery trends in room rates and occupancies compared to 2019, a stable year for comparison basis. In July, occupancy increased 11 percentage points year over year, a recovery of 89.6% compared to the same period of 2019. The average daily rate increased 8.8% year over year with a 110.1% recovery vs. 2019. These results led to a RevPAR of $652 pesos, 34.6% higher than that observed in the same month of 2021. This represented a 98.7% recovery for RevPAR vs. 2019.
During the month of July, the commercial strategy reflected the company’s objective to increase its average daily rate and remain competitive in the different markets in which we are present. The recovery of the automotive and manufacturing sectors has resulted in a steady improvement in occupancy throughout the year. Likewise, we highlight the diversification in the different market niches, such as the leisure market, medical tourism, road passengers and social groups. Inflationary pressures have also impacted our results, the Company will continue with its strategy to contain costs and optimize rates through an elasticity analysis on a location-by-location and hotel-by-hotel basis.
Finally, consolidated level revenue for July was $289.8 million pesos, representing a 97.2% recovery (vs. stable year 2019). Even with the inflationary environment throughout the year, the Company continues to work towards returning to 2019 levels and optimizing its commercial and operational strategies.
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