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) 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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Choice Hotels International, Inc. (NYSE: CHH) announced the appointment of three new regional vice presidents to enhance corporate growth. Odette Brown will oversee franchise services in the mid-southern U.S., focusing on hotel owner profitability and market share. Glenn Gordon returns as RVP for the Ascend Hotel Collection, targeting growth in the southeast U.S. and Caribbean. Gary Mills joins as RVP for Cambria Hotels, focusing on Texas and mid-central regions. The company's commitment to diversity and workplace recognition continues to strengthen its brand reputation.
Choice Hotels International (NYSE: CHH) announced it will report its 2020 fourth quarter and full-year earnings results on February 17, 2021, before market opening. A conference call at 11:30 a.m. ET will feature CEO Patrick Pacious and CFO Dominic Dragisich discussing the company's performance. Interested participants can call (888) 349-0087 domestically or (412) 317-5259 internationally. A live webcast will be available on their investor relations website, and a replay will be accessible by 3 p.m. ET on the same day.
Choice Hotels International (NYSE: CHH) has launched a New Year, New Bonus promotion for its Choice Privileges loyalty program, allowing members to earn double bonus points, up to 30,000, until February 28. Jamie Russo, VP of loyalty programs, stated this initiative aims to reward over 47 million loyalty members for their continued support. The company also introduced new requirements for elite status, making it easier for members to earn benefits. Choice's commitment to cleanliness continues to focus on guest safety and satisfaction.
Choice Hotels International (NYSE: CHH) has opened the Cambria Hotel Fort Lauderdale Beach, marking its fourth property in Florida. Located at 2231 North Ocean Boulevard, the hotel offers upscale amenities like outdoor spaces, a rooftop bar, and multi-function meeting areas. This hotel adds to the brand's momentum, as it continues to expand despite the challenges of 2020, with plans for three additional openings by February 2021 in Florida, South Carolina, and Washington D.C.
With over 50 Cambria hotels operating nationwide, the brand emphasizes modern design and local experiences for travelers.
Choice Hotels International (CHH) has partnered with Penn National Gaming (PENN) to enhance benefits for their loyalty program members. This strategic agreement allows members to book stays at Penn properties while earning and redeeming Choice Privileges points. The rollout will add nearly 7,000 upscale rooms to Choice's Ascend Hotel Collection, enabling cross-earning and status reciprocity between the two loyalty programs. This collaboration enhances customer experience for over 47 million Choice Privileges members, increasing engagement in both hospitality and gaming sectors.
Choice Hotels International, Inc. (NYSE: CHH) has opened the Cambria Hotel Detroit-Shelby Township, marking its fifth new hotel since June 2020. This expansive four-story hotel features 98 rooms and emphasizes upscale amenities tailored for business and leisure travelers. Enhanced guest features include on-site dining options, multi-purpose spaces, and locally inspired design. The hotel is part of a broader initiative, with over 50 Cambria properties currently operational and 80 in development across the U.S.
Choice Hotels International (NYSE: CHH) announced a significant franchise agreement with Gulf Coast Hotel Management, converting 15 MainStay Suites hotels in major U.S. markets, marking the largest multi-unit transaction in the brand's history. This expansion adds nearly 1,700 rooms, increasing the MainStay Suites domestic room count by over 35%. The move solidifies Choice's presence in the midscale extended stay segment, with nearly 100 open hotels and a growing pipeline of 130 properties. The new hotels feature apartment-style suites and essential amenities for long-stay guests.