Hoteles City Express Announces its Hotel Indicators for May 2023

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Mexico City, June 23rd, 2023 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or “the Company”) (BMV: HCITY), announces its Hotel Indicators for May 2023.

The Chain’s occupancy as of May 2023 was calculated based on 151 hotels and 17,487 rooms in operation. Although there were no new hotel openings during the month, there was a mutual agreement to terminate City Express Suites by Marriot San Luis Potosí’s operating and franchise contract, which comprised 120 rooms.

Occupancy reached 55.5%, an increase of 1.6 percentage points vs. the same month in 2022. Average daily rate increased by 9.0% year over year, reaching $1,184 pesos, which led to a RevPAR of $657 pesos, an increase of 12.2% vs. 2022.

The following graphs show the recovery trend in room rates and occupancy levels compared to the previous year. During May, we observed a decrease in rates and occupancy levels compared to the previous month due to the cyclic nature of the industry.

In May, we continued to observe solid occupancy rates in the Southeast, Northwest, and Northeast regions of the country, which have held-up since March. The South, Southeast, and Metropolitan areas experienced the largest improvements compared to the previous year.

Finally, consolidated revenue for May reached $288.8 million pesos, representing a 10.1% 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 

Joe Leonard
Miranda IR
Phone: +1 (530) 559-1805
 
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/investors

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