Hoteles City Express Announces its Hotel Indicators for November 2022

The following graphs show the recovery trend in room rates and occupancies compared to 2019, a stable year for comparison basis. In November, occupancy increased 9.8 percentage points year over year, a recovery rate of 101.6% compared to the same period in 2019. The average daily rate increased by 10.7% year over year with a recovery rate of 114.0% vs. 2019. The combination of these results placed RevPAR at $744 pesos, 31.1% above November 2021. This represented a 115.8% recovery rate in RevPAR vs. 2019. As we have done throughout the year, we continue to take advantage of economic trends and major events throughout the country, as well as capturing additional demand from the leisure segment.

In November, the results of the Southeast, Northwest, and Southern regions stood out, reaching occupancy recovery rates of 115.5%, 110.6%, and 101.3% vs. 2019, respectively. RevPAR reached its highest historical level in the Chain’s history, with a recovery rate of 115.8% vs. 2019. We continued to increase our corporate agreements thanks to the positive effects of nearshoring while taking advantage of the growth in medical and leisure tourism segments. Likewise, our hotels in Metropolitan areas performed well, resulting from increased travel by large corporations and entertainment events, mostly in Mexico City.

Finally, consolidated revenue for November was $393.6 million pesos, representing a 136.7% recovery rate (vs. stable year 2019).