Mexico City, March 15th, 2024 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for February 2024.
The portfolio’s occupancy as of February 2024 was calculated based on 152 hotels and 17,503 rooms in operation. In February, there were no new hotel openings.
Occupancy reached 56.9%, an increase of 2.7 percentage points vs. the same month of 2023. The average daily rate increased 8.3% vs. the same month of 2023, reaching $1,299 pesos. In February, RevPAR was $739 pesos, an increase of 13.6% vs. 2023.
The following graphs show the trend in room rates and occupancy levels compared to 2023. During the month, we observed improvements in RevPAR across all regions, with the Metropolitan, Central West, Northeast, and Southern regions standing out, as they experienced RevPAR increases above 14.0%. For hotels in Mexico, the average increase in occupancy was 2.4 percentage points, and the average rate increase was 8.3% vs. 2023.
During the month, the trend of increasing bookings through direct channels continued. The increase in reservations through our channels can be attributed to the effective integration of Marriott International’s platforms, which has generated enhanced synergies. Hotels in metropolitan areas, the central region of the country, and the energy corridor all reported positive results, experiencing the largest increases in both occupancy and rates.
Finally, consolidated revenue for February reached $312.9 million pesos, increasing by 17.7% vs. 2023.
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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