Mexico City, October 12th, 2022 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for September 2022.
Chain occupancy as of September 2022 is calculated based on 152 hotels and 17,356 rooms in operation. In September, the Company had no new hotel openings. For the first time since the beginning of the pandemic, we exceeded chain-level occupancy vs. 2019 with an occupancy of 55.2% for September, 0.6 percentage points above the same month in 2019.
The following graphs show the recovery trend in room rates and occupancies compared to 2019, a stable year for comparison basis. In September, occupancy increased 12.6 percentage points year over year, a recovery rate of 101.1% compared to the same period in 2019. The average daily rate increased by 9.0% year over year with a recovery rate of 111.3% vs. 2019. The combination of these results placed RevPAR at $619 pesos, 41.1% above September 2021. This represented a 112.6% recovery rate in RevPAR vs. 2019.
In September, we noted an improvement in our operating results mainly due to an increase in business travel in the northern regions and a recovery in metropolitan areas, where we have observed more demand from business travelers as large corporations return to work in the office. The increase in travelers in the commercial and manufacturing industries also benefited our hotels in the central and northern border regions. We continue with our operating strategy of optimizing rates to mitigate the effects of inflation.
Finally, consolidated level revenue for August was $286.4 million pesos, representing a 106.6% recovery (vs. stable year 2019).
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