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) has relaunched its Your Community, Your Choice. Local Business Grant Program, initially started in 2019, doubling both the financial contribution to $50,000 and the number of recipients to support franchisees' local charity efforts. Each of the 10 awarded franchisees will receive $5,000 grants to benefit local communities through various initiatives, including supporting those affected by COVID-19 and promoting sustainability. Applications are open until Sept. 24, 2021, with winners announced on Oct. 21, 2021.
Choice Hotels International (NYSE: CHH) reported Q2 2021 results, showing a RevPAR decrease of 1.1% versus Q2 2019, outperforming the industry by 20 percentage points. Notable highlights include a 15% increase in net income to $85.9 million and a 32% rise in franchise agreements year-to-date. As of July 2021, RevPAR improved by approximately 15% compared to July 2019, with occupancy levels at 70%. The total available liquidity stands at $908 million, reinforcing a strong balance sheet. The company reinstated dividends and plans to return about $25 million to shareholders in 2021.
Cambria Hotels, part of Choice Hotels International (NYSE: CHH), has opened its newest location in Fort Lauderdale, Florida, marking its fifth hotel in the state. The Cambria Hotel Fort Lauderdale Beach features upscale amenities, including a rooftop observation deck and meeting spaces. The opening ceremony included a $3,000 donation to Broward College. With nearly 60 Cambria hotels active nationwide, this launch aims to cater to the growing travel demand in Florida, allowing guests to enjoy a blend of work and leisure.
Choice Hotels International, Inc. (NYSE: CHH) has expanded its Cambria Hotels brand with the grand opening of the Cambria Hotel Shelby Township-Detroit on July 23, 2021. This upscale hotel features 98 rooms, an indoor heated pool, and a restaurant offering locally-inspired cuisine. Located in Shelby Township, it provides easy access to Detroit's corporate hubs and leisure attractions. The hotel is part of ongoing expansion efforts, with nearly 60 Cambria hotels now operational across key U.S. cities, enhancing the brand's presence in the upscale lodging market.
Choice Hotels International, Inc. (NYSE: CHH) announced the appointment of Donna Vieira to its board of directors on July 22, 2021. Vieira, currently the executive vice president and chief commercial officer at Sallie Mae, brings extensive experience in marketing and general management. Her previous roles include chief marketing officer at JPMorgan Chase. Stakeholders believe her expertise in consumer-focused businesses will enhance the board's strategic vision, contributing positively to the company's direction and growth.
Choice Hotels International (NYSE: CHH) will release its 2021 second quarter earnings on August 5, 2021, before the market opens. A conference call featuring Patrick Pacious, president and CEO, and Dominic Dragisich, CFO, will occur at 10 a.m. Eastern Time to discuss company performance. To join, dial (888) 349-0087 (domestic) or (412) 317-5259 (international). A live webcast will be accessible on the investor relations website. The call will be available for replay post-2 p.m. Eastern Time on the same day.
On June 14, 2021, Choice Hotels International (NYSE: CHH) shared key updates during its presentation at the Goldman Sachs Travel and Leisure Conference. Highlights include a 12% increase in domestic RevPAR for Memorial Day weekend compared to 2019, marking a record for the company. Expecting continued demand, bookings for Independence Day weekend already outpace past figures. Notably, WoodSpring Suites achieved over 15% RevPAR growth, and the economy segment exceeded pre-pandemic levels. The company remains optimistic despite ongoing challenges from the COVID-19 pandemic.
Choice Hotels International (NYSE: CHH) CEO Patrick Pacious will speak at the 2021 Goldman Sachs Travel and Leisure Conference on June 8 at 1:35 p.m. Eastern Time. The event will be webcast live, and investors can join via the Financial Performance and Presentations tab on Choice Hotels' investor relations website.
A recording of the webcast will be available for 90 days in the Past Events section. Choice Hotels operates over 7,100 hotels and offers a wide range of lodging options.
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