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 announced the rebranding of its Suburban Extended Stay Hotel brand to Suburban Studios, enhancing its appeal in the economy extended stay market. This redesign features modern amenities aimed at providing a welcoming environment for longer-term guests. The brand aims to support hotel owners with a flexible conversion model and efficient operating strategies, addressing the increasing demand in the extended stay segment. Suburban Studios will first open in Chicago, Illinois, with 27 additional hotels in development.
Choice Hotels International (NYSE: CHH) has launched its Stay Twice This Spring, Get a Free Night promotion, effective until May 8, 2022. Members of the Choice Privileges loyalty program can earn a free night after completing two qualifying stays at participating hotels. The program aims to enhance value for over 52 million members, allowing them to enjoy rewards during their travels. For more details, members must register before checkout and book through official channels.
Summary not available.
Choice Hotels International has celebrated the grand opening of the Cambria Hotel Louisville Downtown-Whiskey Row in Kentucky, marking its first entry into the state. The hotel is strategically located in the vibrant downtown area, offering 128 upscale rooms and various amenities, including a rooftop bar, spa-style bathrooms, and locally inspired dining. The opening event featured local dignitaries and highlighted the brand's commitment to expanding in key markets. With nearly 60 Cambria hotels currently in operation and over 70 planned, this expansion aligns with the brand's focus on modern, stylish accommodations.
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.
Summary not available.
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.
Summary not available.