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) 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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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.