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 strong growth in its extended stay portfolio, outpacing pre-pandemic performance in key metrics including RevPAR, average daily rate, and occupancy. In Q4 2021, the portfolio achieved a RevPAR increase of 24.7% compared to Q4 2019. WoodSpring Suites led with nearly 30% RevPAR growth. Franchise agreements rose by 27%, and future development remains robust with over 340 hotels in the pipeline. Choice's strategic focus on the extended stay segment continues to attract developer interest, highlighting resilience in uncertain market conditions.
Choice Hotels International's upscale brands, Ascend Hotel Collection and Cambria Hotels, saw significant growth in 2021, achieving domestic RevPAR index share gains over local competitors.
Both brands expanded their domestic hotel presence by 13%, with Ascend growing its unit count by 15% year-over-year and exceeding 2019 RevPAR levels by 14% in Q4.
Cambria achieved its strongest RevPAR growth in history, with over 12 percentage points gain compared to 2019, and plans to open over 10 new hotels in 2022.
Choice Hotels International (NYSE: CHH) declared a quarterly cash dividend of $0.2375 per share, payable on April 15, 2022, to shareholders of record on April 1, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Choice Hotels operates over 7,000 hotels globally, offering diverse lodging options across various segments. The company emphasizes its flexibility and resilience in navigating economic challenges while maintaining a strong franchise model.
Choice Hotels International (NYSE: CHH) reported strong financial results for 2021, with net income reaching $289 million and record adjusted EBITDA of $403.6 million. Their RevPAR growth of 2.2% for the year exceeded guidance and outperformed the industry by 19 percentage points. The company awarded 528 domestic franchise agreements, a 24% increase from 2020, with a focus on upscale and extended-stay brands. The domestic effective royalty rate increased to 5.01%. For 2022, the company anticipates continued growth in RevPAR and adjusted EBITDA, reflecting a robust recovery in the travel sector.
Cambria Hotels, a brand under Choice Hotels International (NYSE: CHH), expanded significantly in 2021, opening eight new hotels while breaking ground on six more. Key locations include Calabasas, Fort Lauderdale, and Nashville. Despite a challenging environment, the brand's growth reflects strong performance and access to financing. Cambria offers upscale amenities designed for modern travelers, with nearly 60 hotels currently open and over 70 in development across the U.S.
Choice Hotels International (NYSE: CHH) has announced the launch of its Fuel Up For Winter Fun promotion through March 12, 2022. Members of the Choice Privileges loyalty program can earn a $50 gas gift card by completing two qualifying stays at participating hotels. Jamie Russo, VP of loyalty programs, emphasized the promotion aims to assist travelers in planning their winter getaways. Participants must register and book through Choice channels. The loyalty program has received accolades, highlighting its appeal to both business and leisure travelers.
Choice Hotels International (NYSE: CHH) is set to announce its 2021 fourth quarter and full-year earnings on February 16, 2022, before market opening. A conference call will follow at 11:30 a.m. Eastern Time, featuring insights from CEO Patrick Pacious and CFO Dominic Dragisich on the company's performance. Investors can dial in or listen via a live webcast on the investor relations website. The call will be available for replay after 3 p.m. Eastern Time on the same day. Choice Hotels operates over 7,100 hotels across nearly 40 countries.
Choice Hotels International, Inc. (NYSE: CHH) announces the opening of the Cambria Hotel Calabasas in California, marking its fifth property in the state. This upscale hotel features 125 rooms and is strategically located near corporate headquarters and major attractions. The hotel offers modern amenities, including multi-purpose spaces, spa-style bathrooms, and various dining options. With nearly 60 Cambria hotels currently open and over 70 more planned, Choice Hotels continues its expansion strategy, enhancing its presence across major U.S. markets.
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