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.
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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