Welcome to our dedicated page for Choice Hotels Intl news (Ticker: CHH), a resource for investors and traders seeking the latest updates and insights on Choice Hotels Intl stock.
Choice Hotels International, Inc. (NYSE: CHH) is described by the company as one of the largest lodging franchisors in the world, with a portfolio of more than 7,500 hotels and nearly 650,000 rooms across 46–47 countries and territories. The CHH news feed on Stock Titan surfaces company announcements and third-party coverage related to its franchising operations, brand portfolio, and financial performance.
News about Choice Hotels frequently covers earnings releases and outlook, including quarterly results, revenue trends, net room growth, and guidance updates. The company regularly issues press releases and files Form 8-K reports to discuss results of operations and financial condition, as well as to share supplemental investor materials.
Another major news theme is international and segment expansion. Recent announcements describe the addition of 50 Quality Suites hotels in France, the launch of MainStay Suites in Australia, entry into the African market with three hotels in Kenya, and growth in Canada through a direct franchising model. These stories highlight Choice’s focus on upscale, extended stay, and midscale segments and its goal of expanding its global footprint.
Investors and observers will also see updates on the Choice Privileges rewards program, including enhancements to tiers, milestone rewards, and redemption options, as well as community initiatives such as the “Your Community, Your Choice” grant program that supports local nonprofits nominated by franchisees. Governance and executive-related news, such as changes to severance and non-competition agreements disclosed via Form 8-K, also appear in the news flow.
By following the CHH news page, readers can track how Choice Hotels communicates its strategy in franchising, loyalty, international growth, and community engagement, alongside its regular financial reporting and shareholder return announcements.
Choice Hotels International (NYSE: CHH) plans to report its 2023 first quarter earnings on May 9, 2023, at 6:30 a.m. EDT. Following the earnings release, a conference call will be held at 10 a.m. EDT, featuring CEO Patrick Pacious and CFO Dominic Dragisich discussing the company's performance. The teleconference can be accessed domestically at (888) 886-7786 and internationally at (416) 764-8658 using conference ID 35347099. A live webcast will also be available on the company's investor relations website. The recorded call will be accessible for replay by 2 p.m. EDT on the same day. Choice Hotels is recognized as a leading lodging franchisor, operating nearly 7,500 hotels with around 630,000 rooms across 47 countries.
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Choice Hotels International (NYSE: CHH) has released its 2022 Environmental, Social, and Governance (ESG) Report, outlining significant initiatives aimed at reducing utility costs and enhancing sustainability. The report highlights the 'Commitment to Green' initiative, which offers training and resources for hotel owners, and for the first time, it reports Scope 1 and 2 greenhouse gas emissions. Key goals include a 50% representation of women in senior leadership by 2025 and a $25 million commitment to minority and women owners. Additionally, the Radisson Blu Mall of America has become the first hotel to implement CarbinX carbon-capture technology.
CenterPoint Energy (NYSE: CNP) and Radisson Blu Mall of America, part of Choice Hotels (NYSE: CHH), have launched a pioneering carbon-capture technology, CarbinX, in the first hotel globally to adopt such innovation. This installation, part of CenterPoint Energy's cleaner energy initiative, captures CO2 from natural gas heating, converting it into a non-toxic carbonate powder. The CarbinX unit enhances energy efficiency and is expected to lower energy costs for Radisson Blu. The pilot program includes 10 commercial clients in Minnesota, aiming to promote sustainable energy solutions amidst increasing climate concerns.
CenterPoint Energy and Radisson Blu Mall of America have partnered to install the world’s first CarbinX carbon-capture technology unit at the hotel, aimed at reducing greenhouse gas emissions. This initiative is part of a pilot program for CenterPoint Energy, Minnesota's largest natural gas utility, exploring cleaner energy technologies. The CarbinX unit captures CO2 emissions and converts them into nontoxic pearl ash, which is recyclable and used in various commercial products. The Radisson Blu is also expected to see energy bill reductions through improved efficiency. This technology is a key part of the company's commitment to sustainability.
Choice Hotels International (NYSE: CHH) has launched a new multichannel marketing campaign titled "Where Travels Come True" featuring Zooey Deschanel as the Fairy Travel Mother. The initiative aims to simplify the hotel booking process, addressing consumers' struggles with analysis paralysis from excessive online options. With the tagline emphasizing direct booking through ChoiceHotels.com, the campaign stresses the best price guarantee and a wide variety of hotel options. Highlighting brands like Cambria Hotels and Comfort, the campaign runs across various media platforms, including social media and TV, promoting a stress-free travel experience.
On March 20, 2023, Choice Hotels (NYSE: CHH) launched the HERtels by Choice Development Seminar, gathering nearly 40 franchise owners and associates to promote diversity in hotel ownership. This inaugural event, celebrating Women's History Month, focused on empowering women entrepreneurs facing barriers in the hospitality industry. Keynote speaker Dia Simms highlighted the importance of equity in hotel ownership. The HERtels program, initiated in 2021, has awarded over 50 contracts to women, providing training, mentorship, and networking opportunities to underrepresented groups. Choice Hotels reinforces its commitment to supporting diverse ownership within the hospitality sector.
Choice Hotels International (NYSE: CHH) has announced a 21% increase in its quarterly cash dividend, raising it from $0.2375 to $0.2875 per share. This change will take effect on April 18, 2023, for shareholders of record on April 3, 2023. The increase translates to an annual dividend rate of $1.15. In 2022, the company returned over $487 million to its shareholders through dividends and share repurchases.
Choice Hotels International, Inc. (NYSE: CHH) reported record performance for 2022, with total revenues of $1.4 billion, a 31% increase from 2021. Net income for the year reached $332.2 million, a 15% rise compared to the previous year. Adjusted EBITDA surpassed 2019 levels by 28%, totaling $478.6 million. Domestic revenue per available room (RevPAR) increased 20.4% in Q4 2022 against 2019, outperforming the industry. The acquisition of Radisson Hotels Americas added $104.2 million in revenue. The company awarded 590 domestic franchise agreements in 2022, reflecting an 11% increase from the prior year and showing strong growth potential for the future.
Choice Hotels International (NYSE: CHH) has partnered with Wells Fargo and Mastercard to launch a cobranded credit card program, set to debut in spring 2023. Existing cardmembers will transition to the new program in May 2023, benefiting from enhanced rewards, including 5x points on stays at participating hotels, and additional features like automatic Gold Elite Membership. The card aims to simplify point accumulation for rewards redeemable at over 7,500 hotels across various brands. This initiative is expected to attract more customers and enhance loyalty within the Choice Privileges program.