Hoteles City Express, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 19, 2022
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Hoteles City Express, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 780.63 million compared to MXN 519.01 million a year ago. Revenue was MXN 780.63 million compared to MXN 519.01 million a year ago. Net loss was MXN 25.97 million compared to MXN 116.9 million a year ago.
For the six months, sales was MXN 1,404.73 million compared to MXN 909.82 million a year ago. Revenue was MXN 1,404.73 million compared to MXN 909.82 million a year ago. Net loss was MXN 41.71 million compared to MXN 293.27 million 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. 
