Hoteles City Express Announces its Hotel Indicators for June 2023

Mexico City, July 17th, 2023 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for June 2023.

The Chain’s occupancy as of June 2023 was calculated based on 151 hotels and 17,367 rooms in operation. In June, there were no new hotel openings, but there was a change in the investment scheme for the 124-room Ce Tuxtla Gutiérrez hotel, which transitioned from Franchise to Managed.

Occupancy reached 57.1%, an increase of 2.0 percentage points vs. the same month in 2022. Average daily rate increased by 7.1% year over year, reaching $1,187 pesos, which led to a RevPAR of $678 pesos, an increase of 11.1% vs. 2022.

The following graphs show the recovery trend in room rates and occupancy levels compared to the previous year. During June, we observed a slight recovery in the improvement trend vs. the previous year, reaching higher differences in RevPAR vs. 2022.

During June, the improvements in occupancy levels and rates over the previous year continued. The Southeast, South, and Metropolitan regions stood out with the highest increases in occupancy levels and rates vs. 2022. We continue our efforts to keep rates in line with inflation and improve our operating margins.

Finally, consolidated revenue for June reached $287.1 million pesos, representing a 9.1% increase vs. the same month of the previous year.

 

Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact Details

Héctor Vázquez
Corporate Finance, Treasury and IR
Phone: +52 (55) 5249 8067
E-mail: hvazquez@hotelescity.com 

Ana Lucía Sors
Miranda IR
Phone: +52 (833) 293 4232
 
About Hoteles City Express
Hoteles City Express is the leading and fastest-growing limited-service hotel chain in Mexico, in terms of number of hotels, number of rooms, geographic presence, market share and revenues. Founded in 2002, Hoteles City Express specializes in offering high-quality, comfortable and safe lodging at affordable prices via a limited-service hotel chain geared mainly towards domestic business travelers. With 151 hotels located in Mexico, Costa Rica, Colombia and Chile, Hoteles City Express operates five distinct brands: City Express, City Express Plus, City Express Suites, City Express Junior and City Centro, to serve different segments of its target market. In June 2013, Hoteles City Express completed its IPO and began trading on the Mexican Stock Exchange under the ticker symbol “HCITY” furthermore, on September 8, 2014, Hoteles City Express completed a follow on with the aim of accelerating its growth in new hotels over the next few years. During 2021, the Company commenced a capital increase process with the emission of ordinary shares, this process has not yet concluded.
For further information, please visit our website: https://www.cityexpress.com/en/investor

Share our news:

LinkedIn
Twitter
WhatsApp
Email

Latest News

[hubspot type=form portal=6135587 id=ac859e78-dc50-4cb5-8405-98ba8832f825]