Hoteles City Express, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 21, 2021 at 11:29 pm EDT
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Hoteles City Express, S.A.B. De C.V. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was MXN 390.805 million compared to MXN 651.583 million a year ago. Operating loss was MXN 110.017 million compared to operating Income of MXN 35.968 million a year ago. Net loss was MXN 199.170 million compared to MXN 95.871 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. 
