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) will announce its 2021 third quarter earnings before the market opens on November 4, 2021. A conference call will follow at 10 a.m. Eastern Time with CEO Patrick Pacious and CFO Dominic Dragisich discussing company performance. The teleconference can be accessed by calling (888) 349-0087 (domestic) or (412) 317-5259 (international). A live webcast will be available on their investor relations website.
The replay will be available by 2 p.m. Eastern Time on the same day.
Choice Hotels International (NYSE: CHH) has launched a new leisure rate for military personnel, veterans, and their families, allowing them to save up to 12% at participating hotels. This initiative aims to recognize and support military members, coinciding with Veterans Day. Additionally, new military program members will earn 2,500 Choice Privileges points and receive upgraded membership status. The company has previously partnered with Operation Homefront, donating over $100,000 in 2020 to assist military families. Choice Hotels operates over 7,100 hotels globally, providing a range of lodging options.
On Sept 30, 2021, Cambria Hotels, part of Choice Hotels International (NYSE: CHH), launched a new hotel prototype aimed at enhancing growth in secondary and leisure markets. This design allows developers to build at a reduced cost by decreasing square footage by 20% while maintaining brand standards. With the option to customize designs, this initiative is expected to accelerate Cambria's expansion into over 300 markets with older upscale hotels. Currently, there are over 130 Cambria hotels in operation or planned across the U.S.
Choice Hotels International (NYSE: CHH) has celebrated the opening of its 300th WoodSpring Suites hotel in Gurnee, Illinois. This milestone underscores the brand's fast-paced expansion within the extended stay segment, which comprises over 300 locations in 38 states and an additional 100 in development. WoodSpring's growth reflects the increasing demand for budget-friendly, long-term accommodations, especially during the COVID-19 pandemic. With a strong pipeline and multiple franchise agreements, Choice Hotels is poised for further growth, enhancing value for investors and franchisees.
Choice Hotels International (NYSE: CHH) announced the addition of four new properties to its Ascend Hotel Collection, enhancing its global portfolio of independent hotels. The new locations are: Haywood Park Hotel (Asheville, NC), Elevate Hotel at Sierra Blanca Ruidoso (Ruidoso, NM), The Inn at Leonardtown (Leonardtown, MD), and The Leo Collection Detroit (Lincoln Park, MI). These hotels emphasize unique experiences and outdoor adventures, aiming to attract travelers seeking immersive stays. The expansion aligns with the brand's growth strategy nearing 400 unique hotels worldwide, all participating in the Commitment to Clean initiative.
Choice Hotels International (NYSE: CHH) reported significant growth in its upscale brands, Ascend Hotel Collection and Cambria Hotels, achieving a 24% increase in domestic room count year-over-year. In the first half of 2021, Ascend gained a RevPAR share of 12 percentage points compared to local competitors, while Cambria led with a 15 percentage point gain. Both brands are expanding, adding new locations in diverse markets. The success reflects a strategic focus on high-revenue segments, bolstered by favorable travel trends as Americans return to domestic destinations.
Choice Hotels International, Inc. (NYSE: CHH) has launched the "Stay More. Earn More." promotion for its Choice Privileges loyalty program. From now until October 31, members can earn bonuses of 2,000 points for two-night stays and 5,000 points for three nights or longer. This initiative follows their successful 50 Million Member Sweepstakes. Jamie Russo, VP of loyalty programs, emphasizes its aim to enhance travelers' experiences by offering more rewards. Members must register for the promotion to participate, enhancing the program's appeal as Choice Hotels continues to focus on customer engagement.
Choice Hotels International (NYSE: CHH) announced a quarterly cash dividend of $0.225 per share, payable on October 15, 2021, to stockholders of record as of October 1, 2021. This decision reflects the company’s robust financial position and commitment to returning value to shareholders amidst its extensive portfolio of over 7,100 hotels worldwide. The company continues to enhance its offerings through the award-winning Choice Privileges loyalty program, catering to both business and leisure travelers.
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