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 unveiled new value-engineered prototypes for Comfort and Country Inn & Suites by Radisson, aiming to enhance owner profitability and brand distinction. The updates promise a 10-15% reduction in construction costs while adding revenue-generating spaces.
The Comfort prototype adds three keys within existing footprint, reduces FF&E package SKUs by 30%, and optimizes costs by 16%. The brand, with over 2,100 locations and 122 in pipeline, features an open lobby design and enhanced breakfast areas.
The Country Inn & Suites prototype gains 18 keys while reducing minimum land footprint. The brand has shown strong performance with a 19-point increase in RevPAR Index and 20% rise in direct online contribution.
Both brands benefit from Choice Hotels' franchisee support system, including ChoiceMAX revenue management solution and ChoiceConnect portal. The Choice Privileges rewards program serves over 69 million members across 7,100 hotels in 46 countries.
Choice Hotels International (NYSE: CHH) reports significant performance improvements for Country Inn & Suites by Radisson since its integration with Radisson Hotels Americas two years ago. The brand achieved a 19-point increase in RevPAR Index and a 20% rise in direct online contribution.
Key achievements include increased revenue from group and business travelers, higher booking conversion rates, and 38 new properties added to the development pipeline. The company introduced a refreshed guestroom design in 2023, receiving positive feedback with 84% guest approval.
Choice Hotels launched ChoiceConnect, a mobile-friendly owner's portal, and demonstrated success with revenue optimization tools like ChoiceROCS and ChoiceMAX. Hotels using ChoiceROCS showed a 2% higher RevPAR Index compared to non-participating properties in 2024.
Choice Hotels International (NYSE: CHH) is expanding its Choice Privileges sponsorship with Trackhouse Racing for the 2025 NASCAR Cup Series season. The program will now include both Ross Chastain (No.1 Chevrolet) and Daniel Suárez (No. 99 Chevrolet) as sponsored drivers.
The expansion follows strong customer engagement in 2024, where members redeemed millions of points for VIP racing experiences, with nearly 90% using points earned through hotel stays or Choice Privileges Mastercard. Almost 80% of participants were Choice Hotels Elite members.
Choice Privileges experiences will be available at all 38 NASCAR Cup Series races in 2025. The brand will be featured as the primary paint scheme on Trackhouse Racing cars at select races in Martinsville, Kansas City, St. Louis, and Charlotte. Members can use points to bid on exclusive experiences including team transporter tours, pit road access, driver meet-and-greets, and watching races from the pit box.
Choice Hotels International (NYSE: CHH) has declared a quarterly cash dividend of $0.2875 per share on its common stock, payable on April 16, 2025, to shareholders of record on April 1, 2025.
The company, one of the world's largest lodging franchisors, operates a diverse portfolio of 22 brands across multiple segments, from full-service upper upscale to economy properties. Choice Hotels currently maintains over 7,500 hotels with more than 650,000 rooms across 46 countries and territories.
Choice Hotels International (NYSE: CHH) reported strong fourth quarter and full-year 2024 results, exceeding top-end earnings guidance. Net income increased 16% to $299.7 million for full-year 2024, with diluted EPS up 22% to $6.20. The company achieved record adjusted EBITDA of $604.1 million, a 12% increase year-over-year.
Key operational highlights include a 3.3% growth in global rooms system, with 4.3% growth in domestic upscale, extended stay, and midscale rooms portfolio. The company opened 407 hotels globally, a 21% increase from 2023. A strategic partnership with Westgate Resorts added 21 hotels and 14,471 rooms in Q4 2024. Domestic RevPAR increased by 4.5% in Q4 2024.
The company repurchased 3.1 million shares for $382.1 million during 2024 and projects 2025 net income between $288-300 million, with adjusted EBITDA expected between $625-640 million.
Choice Hotels International (NYSE: CHH) has announced a partnership with digital platform Bridge to provide hotel owners with streamlined access to financing solutions. Through a dedicated landing page, Choice hoteliers can submit commercial loan requests in just 10 minutes and compare rates from Bridge's network of over 100 lenders.
The platform offers various financing options including SBA, Conventional, Bridge, CPACE, and CMBS from banks, private debt lenders, and family offices. The service will be particularly promoted to participants in Choice's Supporting Ownership Access and Representation (SOAR) program, which aims to create opportunities for underrepresented entrepreneurs in hotel ownership.
Bridge's technology creates digital offering memorandums and comprehensive screening materials, accelerating the financing process for developers. The platform will be available to both new and existing Choice hotel owners seeking refinancing or new loans.
Choice Hotels International (NYSE: CHH) reported significant development success across multiple segments in 2024. The company matched its previous record with 61 extended stay hotel openings, including its 500th extended stay property in October. Notable achievements include 25 WoodSpring Suites and 6 Everhome Suites openings.
In the upscale segment, Choice opened 27 new hotels, including 18 Ascend Hotel Collection properties (80% year-over-year increase), 7 Cambria Hotels, and 2 Radisson properties. The Radisson brand saw a 7.5% year-over-year RevPAR increase.
The company demonstrated strong performance in midscale with 41 Quality Inn openings and 26 Comfort brand properties. Country Inn & Suites showed impressive growth with a 19-point increase in RevPAR Index and 20% increase in direct online contribution.
Choice also achieved record-breaking results in its SOAR program, opening 20 properties and awarding 37 franchise agreements to support historically underrepresented groups in hotel ownership.
Choice Hotels International (NYSE: CHH) and Westgate Resorts have announced a strategic partnership making 21 Westgate properties available for booking on ChoiceHotels.com. The properties can now be reserved using Choice Privileges points, joining Choice's upscale portfolio alongside Radisson, Cambria, and Ascend Hotel Collection brands.
The partnership adds diverse destinations including Orlando's Westgate Lakes Resort & Spa with its Treasure Cove Water Park, Westgate River Ranch Resort & Rodeo in Florida, and the ski-in/ski-out Westgate Park City Resort & Spa in Utah. The collaboration expands Choice's luxury and upscale offerings to over 1,000 properties.
Additionally, Choice Privileges has enhanced its rewards program by tripling the booking window to 50 weeks and introducing Choice RewardSaver, allowing stays for as low as 6,000 points. The partnership gives access to over 68 million Choice Privileges members.
Choice Hotels International (NYSE: CHH), one of the world's largest lodging franchisors, has announced it will release its fourth quarter and full-year 2024 earnings results on February 20, 2025 at approximately 6:30 a.m. EST.
The company will host a conference call at 8:30 a.m. EST, featuring CEO Patrick Pacious and CFO Scott Oaksmith discussing the company's performance. Investors can join via telephone or watch the live webcast on the company's investor relations website.
As of September 30, 2024, Choice Hotels operates a diverse portfolio spanning 7,500 hotels with nearly 635,000 rooms across 45 countries. The company manages 22 brands ranging from upper upscale to economy properties, complemented by its Choice Privileges rewards program and co-brand credit card options.
Choice Hotels International (NYSE: CHH) has launched a new global marketing campaign called 'Check Into More' featuring actor Keegan-Michael Key. The campaign showcases the company's 22 hotel brands and highlights the Choice Privileges rewards program, which has 68 million members globally.
The campaign includes six TV and digital spots running through 2025, with Key playing a 'Vacation Maximization-er' character. Choice Hotels has also introduced the 'Time Off Tooolbox,' featuring customizable time-off request videos and out-of-office messages narrated by Key.
The campaign spotlights brands including Radisson, Cambria, Quality Inn, and Comfort, emphasizing their unique features and amenities. Choice Privileges has announced new features including RewardSaver room rates starting at 6,000 points and extended booking windows from 14 to 50 weeks for point redemptions.
The media strategy, developed with dentsu X, targets families, young professionals, and business travelers through connected TV, online video, and social media platforms including Hulu, Disney, Peacock, and Amazon.