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) was recognized at the 64th Annual Adrian Awards for excellence in travel marketing. The company won the Best Practice Gold Adrian in the newly established Recovery Strategies category for its 'On the Road Again' campaign, which promoted nearby tourism during the pandemic. Additionally, Cambria Hotels received the Bronze award for its 'Stay at Your Best' digital marketing campaign. The accolades underscore Choice's commitment to franchisee success and innovative marketing strategies.
Choice Hotels International (NYSE: CHH) reported robust performance in its extended stay portfolio during 2020, significantly outpacing the industry amid the COVID-19 pandemic. Key highlights include:
- The portfolio exhibited a 49 percentage point outperformance in RevPAR change compared to the industry.
- WoodSpring Suites achieved a 72% average occupancy rate versus the industry's 44%.
- MainStay Suites and Suburban Extended Stay reported substantial occupancy and RevPAR gains.
- Choice Hotels awarded nearly 110 franchise agreements, validating its strategic focus. The extended stay domestic pipeline reached over 315 hotels.
Choice Hotels International (NYSE: CHH) has expanded its Ascend Hotel Collection by adding four new properties located in Miami Beach, Florida; Savannah, Georgia; Morgantown, West Virginia; and Burlington, Vermont. These additions cater to the increasing demand for outdoor tourism, offering travelers upscale experiences and proximity to popular outdoor activities. Highlights include The Bluff Hotel in Savannah, The Cranberry in Morgantown, The Landon in Miami Beach, and Smart Suites in Burlington, each featuring unique amenities and charm. The hotels participate in the Commitment to Clean initiative, ensuring high hygiene standards.
Choice Hotels International (NYSE: CHH) expands its upscale Cambria Hotels brand with the opening of the Cambria Hotel Rock Hill – University Center in South Carolina. This six-story, 110-room hotel is the sixth Cambria property in the state and is strategically located near several attractions, including Winthrop University and the new Rock Hill Sports & Events Center. The hotel offers modern amenities such as upscale guest rooms, a rooftop bar, and extensive meeting space. This addition highlights Choice Hotels' commitment to growth, with over 80 Cambria hotels planned nationwide.
Choice Hotels International (NYSE: CHH) has expanded its upscale Cambria Hotels brand with the opening of the Cambria Hotel Washington D.C. Capitol Riverfront. This nine-story, 154-room property is the brand's fifth location in the D.C. area, highlighting its growth in key markets. Located in the Capitol Riverfront neighborhood, the hotel offers modern amenities, locally inspired design, and various facilities for both leisure and business travelers. The launch aligns with a broader expansion strategy, with four new Cambria properties scheduled to open in early 2021.
Choice Hotels International (NYSE: CHH) reported fourth quarter and full year 2020 results amid the pandemic's challenges. Domestic systemwide revenue per available room (RevPAR) decreased 25.1% in Q4, yet outperformed the total industry by 26 percentage points. Full year net income stood at $75.4 million, with adjusted diluted EPS down 49% year-over-year. The company awarded 427 domestic franchise agreements, with strong performance in extended-stay and upscale segments. As of December 31, 2020, cash flow from operations exceeded $115 million, bolstering its financial stability.
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