Mexico City, May 18th, 2023 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “The Company”) (BMV: HCITY), announces its Hotel Indicators for April 2023.
The Chain’s occupancy as of April 2023 was calculated based on 152 hotels and 17,487 rooms in operation. In April, the Company had no new hotel openings. Occupancy reached 55.7%, an increase of 1.5 percentage points vs. the same month in 2022. Average daily rate increased by 11.0% year over year, reaching 1,233 pesos, which led to a RevPAR of $687 pesos, an increase of 14.0% vs. 2022.
The following graphs show the recovery trend in room rates and occupancy levels compared to the previous year. During April, we continued to see results above the same month of the previous year.
In April, the Chain’s average rate once again reached a new record high. This is underscored by the positive performance of hotels in the Southeast, Northwest, and Northeast regions of the country, continuing the upward trends observed since March. Furthermore, significant growth was registered in the South, Central, and Bajío regions, which had the highest increases compared to the previous year. The Chain’s average rate was boosted by strong results from hotels in the Northern Border region, Metropolitan zones, and the Pacific. This uptick was driven by nearshoring effects and heightened traffic in Metropolitan area hotels and those under the City Express Plus and City Express Suites brands.
Finally, consolidated revenue for April reached $299.1 million pesos, representing a 17.2% increase vs. the same month of the previous year.
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance, Treasury and IR
Phone: +52 (55) 5249 8067
E-mail: hvazquez@hotelescity.com