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 reports developments across its global lodging franchise business, including brand growth, franchise agreements, hotel openings, revenue management, and performance across extended stay, midscale, upscale, and economy segments. Company updates frequently reference brands and platforms such as Sleep Inn, Ascend Collection, Radisson, Choice Privileges, and franchise-owner tools that support booking, distribution, and hotel operations.
Recurring news also covers technology deployment in hospitality, including AI-enabled solutions such as Choice Hotels Business Direct, EasyBid, CHARLIE, RAISE, AgentCore, and AgentForce. Other updates address international expansion, the Canadian direct franchising model, loyalty and traveler research, annual convention themes, and quarterly operating results for the franchise-driven hotel portfolio.
Choice Hotels International (NYSE: CHH) has announced the recipients of its Your Community, Your Choice grant program, doubling its contribution to $50,000 this year. Ten award-winning hotels will each receive $5,000 to enhance community initiatives or launch new projects. The program supports hotel owners who positively impact local communities. Recipients include hotels in Louisiana, Michigan, California, and more, each dedicated to various social causes such as food insecurity and educational support. This initiative reflects Choice Hotels' commitment to local businesses and community service.
Choice Hotels International (NYSE: CHH) has partnered with Circus Circus Hotel & Casino in Las Vegas, enhancing its Ascend Hotel Collection. This strategic agreement allows Choice Privileges loyalty members to earn and redeem points when booking at Circus Circus, one of the largest family-friendly resorts in Las Vegas. The collaboration adds over 3,700 rooms to Choice’s inventory, tapping into its extensive global reservation system. By offering guests access to diverse accommodations and attractions, this initiative aims to deliver exceptional value and enhance the guest experience.
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Choice Hotels International (NYSE: CHH) has appointed Megan Brumagim as the vice president of environmental, social, and governance (ESG). In this role, she will lead the company's sustainability efforts, focusing on human rights, diversity, and philanthropic engagement. Brumagim has a strong background, having joined Choice in 2015 and previously held various leadership positions. Her appointment aims to enhance the company's ESG initiatives and align with key stakeholders, furthering existing community service and sustainability programs.
Choice Hotels International (NYSE: CHH) has launched ChoiceMax, a mobile-first revenue management solution developed in partnership with IDeaS, aimed at enhancing revenue growth for its global network of over 7,000 hotels. This innovative tool adapts to market changes using real-time data and has shown an acceptance rate of 93% for its pricing recommendations among franchisees. The rollout promises a downtime-free implementation and aims to maximize RevPAR and ROI, helping franchisees to focus on operational efficiency amidst industry challenges.
Choice Hotels International (NYSE: CHH) will announce its first quarter earnings for 2022 on May 10, 2022, before the market opens. A teleconference is scheduled for 10:30 a.m. Eastern Time, featuring insights from CEO Patrick Pacious and CFO Dominic Dragisich. Participants can dial (888) 349-0087 domestically or (412) 317-5259 internationally. The call will be available for replay on the investor relations website by 3 p.m. Eastern Time the same day. Choice Hotels operates over 7,000 hotels worldwide, offering a range of lodging options.
Choice Hotels International (NYSE: CHH) has opened the Cambria Hotel Austin Airport, marking its sixth property in Texas. This 127-room hotel is strategically located near Austin Bergstrom International Airport and is designed for modern travelers with upscale amenities. The hotel aims to cater to both business and leisure guests, reflecting Austin's unique culture. Following successful openings in other cities, the company plans to debut another hotel in downtown Austin in summer 2023. Cambria Hotels currently boasts nearly 60 properties across the U.S. with over 70 more in development.
Cambria Hotels, part of Choice Hotels International (NYSE: CHH), has opened a new location in Calabasas, California, enhancing its presence in the state with five locations. The hotel features 125 rooms and upscale amenities, including multi-purpose spaces, locally inspired design, and modern guest rooms. It spans across four acres, offering scenic views and proximity to popular attractions. The opening ceremony included city officials and highlighted Cambria's commitment to community and quality service, with plans to host events like a networking gathering focused on women leaders in hospitality.
Choice Hotels International (NYSE: CHH) marks a significant milestone with the groundbreaking of the Everhome Suites in Atlanta-Newnan, Georgia. As part of its strategy to enhance the extended stay segment, this new hotel is set to provide apartment-style accommodations with modern amenities. The project adds to nearly 30 hotels in the Everhome pipeline, with the first location opening near Los Angeles this summer. The 115-room facility is expected to open in Spring 2023, catering to long-term travelers with features like fully equipped kitchens and customizable living spaces.
Choice Hotels International (NYSE: CHH) has begun construction on its latest property, the Cambria Hotel El Centro, which is set to open in early 2023. This hotel will add to the brand's presence in California, joining five other locations in the state. Located in Imperial County, the new facility will feature 108 rooms and will be positioned near significant economic areas and attractions, including a geothermal region rich in lithium. The hotel aims to cater to both business and leisure travelers with upscale amenities and locally inspired design.