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) has officially started construction on the Cambria Hotel Rehoboth Beach in Delaware, set to open in spring 2024. This four-story, 114-room hotel will be the brand's inaugural property in Delaware, enhancing Cambria's footprint across major U.S. markets. The hotel will feature modern amenities, including pools and meeting spaces, while catering to the tourism-driven Delmarva Peninsula. Choice Hotels continues to expand, with 60 Cambria hotels currently open and nearly 70 in the pipeline, reflecting a strong growth trajectory.
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Choice Hotels International (NYSE: CHH) has declared a cash dividend of $0.2375 per share on its common stock. The dividend is scheduled for payment on July 14, 2022, to shareholders of record as of July 1, 2022. This announcement reflects the company's ongoing commitment to return value to its shareholders amidst its extensive portfolio of nearly 7,000 hotels across 35 countries.
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Choice Hotels International (NYSE: CHH) expands its Ascend Hotel Collection by adding three new properties in Port Washington, Wisconsin; Newburgh, New York; and Tulsa, Oklahoma. The hotels are strategically located near metropolitan areas and are operated by experienced franchise owners. The diverse locations cater to evolving travel preferences, offering unique experiences to guests. Ascend’s portfolio now includes over 315 properties globally, maintaining its status as the largest soft brand in the hotel industry. The brand continues to attract both new and existing franchisees, enhancing its market presence.
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.
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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.