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.
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.
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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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Cambria Hotels, a brand of Choice Hotels International (NYSE: CHH), has announced the groundbreaking of a new upscale hotel in Columbia, South Carolina. Scheduled to open in Spring 2022, the four-story, 144-room hotel adds to the brand's growing presence in the state, complementing existing properties in Charleston, Fort Mill, Greenville, Mount Pleasant, Rock Hill, and Summerville. The hotel will feature a prime location in the arts district, modern amenities, locally inspired design, and enhanced cleanliness protocols.
Cambria Hotels, a brand under Choice Hotels International (NYSE: CHH), has launched its newest property in Ocean City, Maryland, featuring 137 rooms. The Cambria Hotel Ocean City - Bayfront offers upscale amenities including a rooftop bar, heated indoor pool, and locally inspired dining options. The grand opening, attended by local officials and community leaders, included a donation to the Surfrider Foundation. This marks the brand's fourth location in Maryland, adding to nearly 60 Cambria hotels across the U.S. as part of its rapid expansion strategy.
Choice Hotels International (NYSE: CHH) has launched the "Get on the Road. Get Rewarded." summer promotion, which runs until July 11. Members of the Choice Privileges loyalty program can earn enough points from two qualifying stays for a $50 gift card redeemable at select dining, gas, and shopping retailers. The program aims to enhance travel experiences by providing significant rewards. Additionally, Choice Privileges has made it easier to achieve elite status by reducing the number of nights required and extending benefits for current members.
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Choice Hotels International, Inc. (NYSE: CHH) has commenced construction on a new Cambria hotel in New Haven, Connecticut, slated to open in Summer 2022. This six-story, 130-room hotel will feature upscale amenities, including a state-of-the-art fitness center and locally inspired design. The groundbreaking signifies ongoing brand expansion, with new hotels also opening this year in various locations like Fort Lauderdale and Orlando. With nearly 80 hotels in the pipeline, Cambria aims to enhance guest experiences in key markets across the U.S.
Choice Hotels International, Inc. (NYSE: CHH) announced the opening of its 30th Clarion Pointe property, with new locations in Raleigh, South Boston, and Green Bay. The brand now includes nearly 70 hotels either open or in development. Clarion Pointe focuses on affordable accommodation with enhanced amenities and modern design, appealing to cost-conscious travelers. Future openings are planned in Augusta, Indianapolis, and Charlottesville. The brand's guest satisfaction rates have been high, reflecting its modern guest experience and commitment to cleanliness.