Mexico City, July 12th, 2022 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for June 2022.
Chain occupancy as of June 2022 was calculated based on 153 hotels and 17,478 rooms in operation. In June, 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 June, occupancy recovered by 94% compared to the same period of 2019. The average daily rate increased by 11% when compared to 2019, with RevPAR reaching $611 pesos. This represented a 105% recovery for RevPAR vs. 2019 (stable comparison year).
During June, the chain’s commercial strategy continued to focus on optimizing rates to absorb the increase in inflation. We believe that inflation has become the chain’s biggest challenge, and we expect to end the year with rate increases above current inflation levels. Likewise, we have observed greater activity in metropolitan areas due to increased corporate activity and we expect a gradual recovery in the automotive sector, which will mainly benefit the Bajío region.
Finally, consolidated level revenue for June was $263.1 million pesos, representing a 97.3% recovery (vs. stable year 2019). Even with industry seasonality, the Company is showing a positive trend by reducing the gap between 2019 and 2022 revenue levels.
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance and IR
Phone: +52 (55) 5249 8067
E-mail: hvazquez@hotelescity.com