Hoteles City Express, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 20, 2022 at 03:04 pm EDT
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Hoteles City Express, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was MXN 624.1 million compared to MXN 390.81 million a year ago. Net loss was MXN 15.73 million compared to MXN 176.37 million a year ago. Basic loss per share was MXN 0.0409 compared to MXN 0.4739 a year ago. Diluted loss per share was MXN 0.0409 compared to MXN 0.4739 a year ago.
Hoteles City Express SAB de CV is a Mexico-based company, which owns and franchises a chain of hotels. The Company's activities are divided into two business segments: Hotel operations and Administration. The Hotel operations division includes management and rental of own hotels, as well as brand franchising. The Administration division provides administration services for hotel owners. The Company operates various hotel formats under a number of brand names, such as City Express, City Express Plus, City Express Suites, City Express Junior and City Centro. It owns over 120 hotels. The Company's hotel infrastructure is located in Latin America, including Mexico, Chile, Costa Rica and Colombia.
HOTELES CITY EXPRESS, S.A.B. DE C.V. 
