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. (CHH) maintains its position as a leading global lodging franchisor through strategic innovation and a diverse portfolio of hospitality brands. This page serves as the definitive source for all company announcements, operational updates, and industry developments.
Investors and industry professionals will find timely updates on franchise expansions, technology initiatives like the choiceEDGE platform, and brand portfolio enhancements. The curated collection includes earnings disclosures, partnership announcements, and insights into modular conversion solutions that drive operational efficiency across properties.
With a focus on CHH's franchise-first business model and commitment to owner success, this resource provides essential context for understanding the company's market position. Regular updates ensure stakeholders stay informed about initiatives impacting extended-stay demand cycles, midscale hospitality trends, and international growth strategies.
Bookmark this page for direct access to CHH's official communications, including updates on loyalty programs, sustainability efforts, and technological advancements shaping modern hospitality operations.
Choice Hotels International (NYSE: CHH) reported impressive first-quarter results for 2022, with domestic RevPAR up 10.4% compared to 2019 levels, driven by a 9.3% increase in average daily rates and improved occupancy rates. Total revenues soared 41% to $257.7 million year-over-year, while net income jumped 200% to $67.4 million, resulting in diluted EPS of $1.20. The company awarded 93 new domestic franchise agreements, a 4% increase, and plans further growth in its extended-stay segment. With a robust liquidity position of $1.13 billion, Choice Hotels is well-positioned for continued expansion.
Choice Hotels International (NYSE: CHH) is expanding its emerging markets development program with the launch of HERtels by Choice, aimed at increasing female ownership in the hospitality industry. This initiative offers financing support, dedicated training, and personalized mentoring for women entrepreneurs aspiring to own hotels. According to a report, there is a significant gender disparity in hotel investment, with only one woman for every nine men in the field. Since March 2022, Choice has awarded 25 contracts to women as part of this focused effort.
Choice Hotels International, Inc. (NYSE: CHH) commenced its 66th annual convention in Las Vegas, gathering over 5,000 hotel owners and staff. The event, themed 'GO', focuses on franchisee resilience and the company's future vision. Key achievements include surpassing 2019 performance levels and strategic investments to adapt to consumer trends in leisure travel. Attendees will gain insights on marketing, revenue management improvements, and sustainability initiatives. CEO Patrick Pacious highlighted the commitment to franchisee success and the company's readiness for growth.
Choice Hotels International (NYSE: CHH) announced the appointment of Jacquelyn Peterson and Marcus Thomas as new franchise development directors for its emerging markets team. The duo brings over 30 years of combined hospitality experience. Their focus will be on enhancing hotel ownership opportunities for underrepresented communities. Since forming an emerging markets-focused team, Choice has supported over 300 franchise agreements with minority entrepreneurs, including nearly 30 contracts last year. The company emphasizes its commitment to diversity in the hospitality industry.
Choice Hotels International (NYSE: CHH) has signed two franchise agreements for MainStay Suites with Gulf Coast Hotel Management, the largest privately owned extended stay franchisee in the Choice system. These additions, located in Wichita and Overland Park, enhance the brand's presence in the midscale extended stay market. With a total of 39 hotels, Gulf Coast is poised to capitalize on the increasing demand for extended stay properties, showcasing the strategic foresight of franchisees in this sector.
Choice Hotels International (NYSE: CHH) has announced the recipients of its Your Community, Your Choice grant program, doubling its contribution to $50,000 this year. Ten award-winning hotels will each receive $5,000 to enhance community initiatives or launch new projects. The program supports hotel owners who positively impact local communities. Recipients include hotels in Louisiana, Michigan, California, and more, each dedicated to various social causes such as food insecurity and educational support. This initiative reflects Choice Hotels' commitment to local businesses and community service.
Choice Hotels International (NYSE: CHH) has partnered with Circus Circus Hotel & Casino in Las Vegas, enhancing its Ascend Hotel Collection. This strategic agreement allows Choice Privileges loyalty members to earn and redeem points when booking at Circus Circus, one of the largest family-friendly resorts in Las Vegas. The collaboration adds over 3,700 rooms to Choice’s inventory, tapping into its extensive global reservation system. By offering guests access to diverse accommodations and attractions, this initiative aims to deliver exceptional value and enhance the guest experience.
Choice Hotels International (NYSE: CHH) has appointed Megan Brumagim as the vice president of environmental, social, and governance (ESG). In this role, she will lead the company's sustainability efforts, focusing on human rights, diversity, and philanthropic engagement. Brumagim has a strong background, having joined Choice in 2015 and previously held various leadership positions. Her appointment aims to enhance the company's ESG initiatives and align with key stakeholders, furthering existing community service and sustainability programs.
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