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 reports developments across its global lodging franchise business, including brand growth, franchise agreements, hotel openings, revenue management, and performance across extended stay, midscale, upscale, and economy segments. Company updates frequently reference brands and platforms such as Sleep Inn, Ascend Collection, Radisson, Choice Privileges, and franchise-owner tools that support booking, distribution, and hotel operations.
Recurring news also covers technology deployment in hospitality, including AI-enabled solutions such as Choice Hotels Business Direct, EasyBid, CHARLIE, RAISE, AgentCore, and AgentForce. Other updates address international expansion, the Canadian direct franchising model, loyalty and traveler research, annual convention themes, and quarterly operating results for the franchise-driven hotel portfolio.
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Choice Hotels International (NYSE: CHH) commenced its 67th annual convention in Las Vegas with over 6,000 attendees, marking a significant gathering for hotel owners and industry leaders. The event highlights the company's growth trajectory following the acquisition of Radisson Hotels Americas, with a strategic focus on upscale market segments. CEO Patrick Pacious emphasized the company's strong market position and its franchisees' ability to leverage travel trends, particularly through proprietary tools like choiceADVANTAGE and ChoiceMAX. The convention features extensive educational sessions and showcases new marketing efforts, including partnerships and sustainable practices. This strategic direction aims to enhance profitability and capitalize on rising consumer travel demand driven by economic changes.
Choice Hotels International (NYSE: CHH) celebrates the 15th anniversary of the Ascend Hotel Collection, a pioneering soft brand that enables independent hotels to leverage Choice's extensive marketing and distribution networks. Since its inception in 2008, the Ascend Collection has grown to over 330 hotels worldwide, appealing to both owners and modern travelers. It allows independent operators to maintain their unique identities while accessing advanced tools like choiceADVANTAGE and ChoiceMAX. In 2021, Ascend outperformed the Upscale Chain Scale in RevPAR by 26 percentage points compared to 2019. This growth demonstrates Choice Hotels' commitment to innovation and flexibility, particularly as independent hotels face economic challenges. For more information, visit: www.choicehotels.com/ascend.
Wellness-focused hotel brand Sleep Inn has partnered with AllTrails to enhance guest experiences with personalized nature exploration options. Starting April 20, 2023, guests at participating hotels can access curated local trail information via QR codes in lobbies, and enjoy a free month of AllTrails+ premium services. With over 550 Sleep Inn locations, this collaboration aligns with the growing trend of leisure travelers prioritizing wellness amenities. The initiative features various trails like the Cougar and Alice Knight Loop and Memorial Causeway Trail, catering to adventure-seekers. Additionally, Sleep Inn enhances guest experiences with nature-inspired designs and complimentary wellness resources, marking a strategic move by Choice Hotels (NYSE: CHH) to broaden its market appeal.
Choice Hotels International (NYSE: CHH) announces the launch of the Choice Privileges Select Mastercard, a premium credit card designed for travelers looking to maximize their rewards. Starting today, consumers can apply for this card with a $95 annual fee and receive 90,000 points after spending $3,000 in the first three months, plus the annual fee waived for the first year. The card offers 10X points on stays at participating Choice Hotels and 5X points on everyday purchases at select retailers. Additionally, a cardholder earns 30,000 points annually. This card complements the previously announced Choice Privileges Mastercard with no annual fee, featuring 60,000 points for a $1,000 spend. Both cards reflect Choice Hotels' aim to enhance customer loyalty and travel rewards.
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.