Choice Hotels International, Inc. (CHH) delivered mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top line fell year over year, while the bottom line increased. Following the results, the company’s shares declined 5.3% on May 7.Patrick Pacious, president and CEO, expressed satisfaction with first-quarter performance, which was built on the company's record financial results in 2023. CHH benefited from impressive outcomes of the effectiv ...

"This year's convention was about celebrating the new level of success that Choice and its franchisees have achieved together," said Choice Hotels President and CEO Patrick Pacious. "I've never been more optimistic about our shared future. With our brands well positioned to capture even more of the growing travel demand, we have a tremendous opportunity in front of us." During the event, Choice awarded and celebrated the top-performing hotels through Choice's Premier Awards and the Best of Choice Awards, th ...

Financial Data and Key Metrics Changes - Revenues, excluding reimbursable revenue from franchised and managed properties, increased 16% to $203 million year-over-year [48] - Adjusted EBITDA grew 17% to a record $124.3 million, driven by the integration of Radisson Americas and organic growth in revenue-intense segments [48] - Adjusted earnings per share reached a record $1.28, a 14% increase year-over-year [48] Business Line Data and Key Metrics Changes - Domestic unit growth was reported at 1.2% year-over-year, with a target of approximately 2% for the full year [50] - The number of domestic franchise agreements for revenue-intense brands increased by 7% over the prior year [50] - The international rooms portfolio grew by 2.3% year-over-year, contributing over $9 million to international EBITDA [51] Market Data and Key Metrics Changes - Domestic RevPAR increased 8.2% from the same quarter of 2019, but was down 5.9% year-over-year due to timing of the Easter weekend [23] - The domestic upscale portfolio delivered RevPAR growth led by the Radisson upscale brand, which increased by 8.5% year-over-year [23] - The company anticipates full-year domestic RevPAR growth to range between flat and 2% [24] Company Strategy and Development Direction - The strategic focus is on driving revenue-intense growth with a portfolio that now comprises 82% of total domestic hotels [49] - The company aims to increase the velocity of new hotel openings and expand international growth [16] - The relaunch of Park Inn by Radisson is seen as a key opportunity to fill market gaps and attract younger, value-conscious travelers [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the continued upward trajectory of effective royalty rates and overall growth opportunities [22] - The company is confident in capturing a larger share of leisure and business travel demand due to favorable long-term trends [46] - Management noted that family travel is expected to increase, supported by strong employment numbers and rising middle-class wages [60][75] Other Important Information - The company returned approximately $226 million to shareholders year-to-date, including $29 million in cash dividends and $197 million in share repurchases [28] - The board increased the share purchase program authorization by 5 million shares [28] - The integration of Radisson Americas is expected to generate ongoing revenue synergies, contributing approximately $10 million in incremental EBITDA in the first quarter [26] Q&A Session Summary Question: Can you provide insights on cash flow and capital expenditures? - Management expects operating cash flow to increase over 2023 levels, with key money for franchise support expected to be in line with last year's $98 million [7][58] Question: What are the expectations for RevPAR and consumer trends? - Management noted that April showed positive trends, with expectations for RevPAR improvement moving forward, supported by strong employment and wage growth [74][75] Question: Can you clarify the capital allocation priorities and potential acquisitions? - The company maintains a target gross debt to EBITDA ratio of 3x to 4x and is open to tuck-in acquisitions while continuing to invest in brand growth [65][80]

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201%20-%20Financial%20Statements%20(Unaudited)) Q1 2024 revenues were $331.9 million, net income $31.0 million, and diluted EPS $0.62, with total assets at $2.48 billion and operating cash flow at $1.7 million [Consolidated Statements of Income](index=3&type=section&id=Consolidated%20Statements%20of%20Income) Q1 2024 total revenues were $331.9 million, operating income decreased to $60.1 million, and net income fell to $31.0 million, with diluted EPS at $0.62 Q1 2024 vs Q1 2023 Income Statement Highlights (amounts in thousands, except per share) | Metric | Three Months Ended March 31, 2024 | Three Months Ended March 31, 2023 | | :--- | :--- | :--- | | **Total Revenues** | $331,949 | $332,792 | | **Operating Income** | $60,149 | $77,851 | | **Net Income** | $31,009 | $52,820 | | **Diluted Earnings Per Share** | $0.62 | $1.02 | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2024, total assets were $2.48 billion, liabilities $2.47 billion, and shareholders' equity significantly decreased to $6.7 million Balance Sheet Summary (amounts in thousands) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $42,111 | $26,754 | | Total assets | $2,475,078 | $2,394,799 | | Long-term debt | $1,195,730 | $1,068,751 | | Total liabilities | $2,468,351 | $2,359,201 | | Total shareholders' equity | $6,727 | $35,598 | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Q1 2024 net cash from operations was $1.7 million, a sharp decline, with net cash used in investing at $42.7 million and net cash from financing at $56.5 million Cash Flow Summary for Three Months Ended March 31 (amounts in thousands) | Cash Flow Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,741 | $12,033 | | Net cash used in investing activities | ($42,736) | ($29,463) | | Net cash provided by financing activities | $56,473 | $7,440 | [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes provide details on accounting policies, revenue recognition, receivables, debt structure, and segment reporting - Business combination, diligence and transition costs were reclassified from SG&A to a standalone line item, with **no effect on previously reported operating or net income**[29](index=29&type=chunk) - The company's Hotel Franchising & Management segment generated **$94.8 million in operating income**, while the Corporate & Other segment had an operating loss of **$34.7 million** in Q1 2024[103](index=103&type=chunk) - As of March 31, 2024, total debt consisted of a **$500 million term loan** due 2024, **$450 million senior notes** due 2031, **$400 million senior notes** due 2029, and borrowings on an **$850 million revolving credit facility**[82](index=82&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202%20-%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Q1 2024 income before taxes decreased by $27.3 million due to lower operating income and higher interest expense, despite strong liquidity and ongoing capital returns [Overview](index=18&type=section&id=Overview) Choice Hotels, a hotel franchisor with 7,488 global hotels, focuses on profitable growth, maximizing financial returns, and strategic brand development - As of March 31, 2024, the company's global system included **7,488 hotels** (**630,128 rooms**) open and operating, with a pipeline of **1,012 hotels** (**115,481 rooms**)[119](index=119&type=chunk) - Strategic priorities include **profitable growth**, **maximizing financial returns** for shareholders, and **strategic development of owned hotels** to accelerate brand growth, which are intended to be sold to franchisees long-term[98](index=98&type=chunk)[143](index=143&type=chunk)[121](index=121&type=chunk) - On March 8, 2024, the company **terminated its exchange offer to acquire Wyndham Hotels & Resorts, Inc.** and withdrew its nomination of director candidates[126](index=126&type=chunk) [Results of Operations](index=21&type=section&id=Results%20of%20Operations) Q1 2024 income before taxes fell by $27.3 million due to lower operating income and higher interest expense, with domestic royalty fees decreasing due to a 5.9% RevPAR decline - Domestic royalty fees decreased by **$5.2 million** to **$92.9 million** in Q1 2024, primarily due to a **5.9% domestic system-wide RevPAR decrease**[107](index=107&type=chunk) - Business combination, diligence and transition costs increased by **$5.4 million** to **$15.8 million** due to costs related to the terminated Wyndham acquisition pursuit[181](index=181&type=chunk) Domestic Franchised Hotels Operating Performance Change (Q1 2024 vs Q1 2023) | Chain Scale | ADR Change | Occupancy Change (bps) | RevPAR Change | | :--- | :--- | :--- | :--- | | Upscale & Above | 2.3% | (50) | 1.3% | | Midscale & Upper Midscale | (2.1)% | (260) | (7.0)% | | Extended Stay | (3.7)% | (190) | (6.2)% | | Economy | (1.6)% | (190) | (5.8)% | | **Total** | **(2.1)%** | **(200)** | **(5.9)%** | [Liquidity and Capital Resources](index=24&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2024, liquidity was $537.1 million, operating cash flow decreased to $1.7 million, and the company continued capital returns through dividends and share repurchases - Primary sources of liquidity as of March 31, 2024, consisted of **$537.1 million in cash and available borrowing capacity** under the senior unsecured revolving credit facility[155](index=155&type=chunk) - In Q1 2024, the company paid **$14.7 million in dividends** and repurchased **0.4 million shares for $49.2 million**. The board increased the share repurchase authorization by **5.0 million shares** on March 11, 2024[198](index=198&type=chunk)[199](index=199&type=chunk)[224](index=224&type=chunk) - The company is engaged in financial support activities to accelerate the growth of its Cambria Hotels and Everhome Suites brands, with approximately **$499.4 million in support** reflected on the balance sheet as of March 31, 2024[155](index=155&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=29&type=section&id=Item%203%20-%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risk from variable-rate debt and foreign currency fluctuations, with $855 million in variable debt and a 10% rate change impacting interest expense by $5.7 million - As of March 31, 2024, the company had **$855 million of variable interest rate debt** outstanding. A hypothetical **10% change** in the effective interest rate would increase or decrease annual interest expense by **$5.7 million**[203](index=203&type=chunk) [Item 4. Controls and Procedures](index=30&type=section&id=Item%204%20-%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2024, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation, the company's management, including the CEO and CFO, concluded that **disclosure controls and procedures were effective** as of March 31, 2024[206](index=206&type=chunk) - **No material changes** were made to the company's internal control over financial reporting during the first quarter of 2024[207](index=207&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=31&type=section&id=Item%201%20-%20Legal%20Proceedings) The company is not involved in material litigation outside the ordinary course of business, with no expected material adverse effects on financials - The company states it is **not a party to any material litigation** outside the ordinary course of business and does not expect current proceedings to have a **material adverse effect**[232](index=232&type=chunk) [Item 1A. Risk Factors](index=31&type=section&id=Item%201A%20-%20Risk%20Factors) No material changes to risk factors from the 2023 Form 10-K, with Wyndham acquisition-related risks no longer considered material after termination - Risks associated with the acquisition of Wyndham are **no longer material**. Otherwise, there have been **no material changes** to the risk factors disclosed in the 2023 Form 10-K[233](index=233&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=31&type=section&id=Item%202%20-%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q1 2024, the company repurchased 494,910 shares at an average price of $122.39, with 6,381,098 shares remaining for repurchase under the program Issuer Purchases of Equity Securities (Q1 2024) | Period | Total Shares Purchased or Redeemed | Average Price Paid per Share | Shares Purchased Under Program | Remaining Shares for Repurchase | | :--- | :--- | :--- | :--- | :--- | | **March 31, 2024** | 494,910 | $122.39 | 382,374 | 6,381,098 | - On March 11, 2024, the board of directors approved an increase of **5.0 million shares** to the share repurchase program authorization[243](index=243&type=chunk) [Item 5. Other Information](index=32&type=section&id=Item%205%20-%20Other%20Information) On March 14, 2024, several officers, including the CEO, adopted Rule 10b5-1 trading arrangements for company securities, with plans expiring between December 2024 and February 2026 - On March 14, 2024, **four officers, including the CEO, adopted Rule 10b5-1 trading arrangements** for the sale of company stock[244](index=244&type=chunk) [Item 6. Exhibits](index=33&type=section&id=Item%206%20-%20Exhibits) This section lists exhibits filed with Form 10-Q, including corporate governance documents, CEO/CFO certifications, and Inline XBRL data files - Exhibits filed include **corporate governance documents**, **CEO/CFO certifications** (Rule 13a-14(a) and 18 U.S.C. Section 1350), and **Inline XBRL data files**[245](index=245&type=chunk)

Choice Hotels (CHH) reported $331.95 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 0.3%. EPS of $1.28 for the same period compares to $1.12 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $345.02 million, representing a surprise of -3.79%. The company delivered an EPS surprise of +11.30%, with the consensus EPS estimate being $1.15.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Choice Hotels (CHH) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.30%. A quarter ago, it was expected that this hotel franchiser would post earnings of $1.35 per share when it actually produced earnings of $1.44, delivering a surprise of 6.67%.Over the last four quarters, the com ...

Q1 2024 Earnings Release [Performance Highlights](index=1&type=section&id=Highlights) Record adjusted EBITDA and EPS in Q1 2024, with significant pipeline growth and capital returns Q1 2024 Key Performance Indicators | Metric | Q1 2024 ($) | Change vs. Q1 2023 | | :--- | :--- | :--- | | Net Income | $31.0 million | -41% | | Diluted EPS | $0.62 | -39% | | Adjusted Net Income | $63.7 million | +9% | | Adjusted Diluted EPS | $1.28 | +14% | | Adjusted EBITDA | $124.3 million | +17% | - The global pipeline reached a company record of over **115,000 rooms** as of March 31, 2024, a **10% increase** from December 31, 2023, with conversion rooms seeing a **36% increase**[9](index=9&type=chunk) - The company repurchased **1.5 million shares** for **$196.6 million** year-to-date through April 30, 2024, with an additional **5 million shares** authorized for repurchase[10](index=10&type=chunk) - The Park Inn by Radisson brand was relaunched in April 2024, positioned as a premium conversion brand[11](index=11&type=chunk) [Financial Performance](index=2&type=section&id=Financial%20Performance) Total revenues slightly decreased in Q1 2024, while revenues excluding reimbursables increased, and domestic RevPAR declined Q1 2024 Revenue Breakdown | Metric | Q1 2024 ($ million) | Change vs. Q1 2023 | | :--- | :--- | :--- | | Total Revenues | $331.9 million | -0.3% | | Revenues (ex-reimbursables) | $203.0 million | +16% | | Royalty, licensing, and management fees | $105.5 million | -1.9% | - Domestic RevPAR decreased by **5.9%** in Q1 2024 compared to Q1 2023, but increased by **8.2%** compared to Q1 2019[15](index=15&type=chunk) - The domestic effective royalty rate increased by **4 basis points** to **5.03%** in Q1 2024[14](index=14&type=chunk) [Development and Portfolio Growth](index=2&type=section&id=Development) Strong development momentum in Q1 2024, with domestic extended stay portfolio growing **17.4%** and **55** new hotels opened - The domestic extended stay hotel portfolio grew by **17.4%** since March 31, 2023[16](index=16&type=chunk) - The international portfolio expanded by **1.3%** in hotels and **2.3%** in rooms year-over-year as of March 31, 2024[17](index=17&type=chunk) - The company opened **55 hotels** in Q1 2024, a **20% increase** year-over-year, with **80%** of domestic franchise agreements for conversion hotels[18](index=18&type=chunk)[19](index=19&type=chunk) [Shareholder Returns](index=3&type=section&id=Shareholder%20Returns) The company returned capital via **$14.7 million** in dividends and **$60.6 million** in share repurchases in Q1 2024 - Cash dividends totaling **$14.7 million** were paid in Q1 2024[20](index=20&type=chunk) - Approximately **0.4 million shares** were repurchased for **$60.6 million** in Q1 2024, with an additional **1.1 million shares** for **$136.0 million** through April 30, 2024[21](index=21&type=chunk) - As of April 30, 2024, **5.3 million shares** remained authorized for repurchase[22](index=22&type=chunk) [Full-Year 2024 Outlook](index=3&type=section&id=Outlook) The company reiterated its full-year 2024 guidance for Net Income and Adjusted EBITDA, increasing Diluted EPS outlook Full-Year 2024 Guidance | Metric | Full-Year 2024 Outlook ($/%) | Prior Outlook ($/%) | | :--- | :--- | :--- | | Net Income | $260 – $274 million | $260 – $274 million | | Adjusted EBITDA | $580 – $600 million | $580 – $600 million | | Diluted EPS | $5.35 – $5.65 | $5.19 – $5.49 | | Adjusted Diluted EPS | $6.30 – $6.60 | $6.30 – $6.60 | | Domestic RevPAR Growth | Flat to 2% | Flat to 2% | | Domestic Net Unit Growth | Approx. 2% | Approx. 2% | [Consolidated Financial Statements](index=8&type=section&id=Financial%20Statements) Q1 2024 consolidated financial statements detail total revenues, net income, and total assets, with net cash from operations at **$1.7 million** [Condensed Consolidated Statements of Income](index=8&type=section&id=Exhibit%201) Q1 2024 income statement shows total revenues of **$331.9 million**, operating income down **23%**, and net income down **41%** Q1 2024 vs. Q1 2023 Income Statement Highlights | Account | Q1 2024 ($ thousands) | Q1 2023 ($ thousands) | % Change | | :--- | :--- | :--- | :--- | | Total Revenues | $331,949 | $332,792 | -0.3% | | Operating Income | $60,149 | $77,851 | -23% | | Net Income | $31,009 | $52,820 | -41% | | Diluted EPS | $0.62 | $1.02 | -39% | [Condensed Consolidated Balance Sheets](index=9&type=section&id=Exhibit%202) As of March 31, 2024, total assets reached **$2.48 billion**, total liabilities increased, and shareholders' equity significantly decreased to **$6.7 million** Balance Sheet Highlights | Account | March 31, 2024 ($ thousands) | Dec 31, 2023 ($ thousands) | | :--- | :--- | :--- | | Total Current Assets | $338,501 | $296,530 | | Total Assets | $2,475,078 | $2,394,799 | | Total Current Liabilities | $919,512 | $942,690 | | Long-Term Debt | $1,195,730 | $1,068,751 | | Total Liabilities | $2,468,351 | $2,359,201 | | Total Shareholders' Equity | $6,727 | $35,598 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Exhibit%203) Q1 2024 net cash from operating activities was **$1.7 million**, a significant decrease, with net cash from financing activities at **$56.5 million** Cash Flow Summary | Activity | Three Months Ended March 31, 2024 ($ thousands) | Three Months Ended March 31, 2023 ($ thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,741 | $12,033 | | Net cash used in investing activities | ($42,736) | ($29,463) | | Net cash provided by financing activities | $56,473 | $7,440 | | **Net change in cash** | **$15,478** | **($9,990)** | [Supplemental Information](index=11&type=section&id=Supplemental%20Information) Supplemental data for Q1 2024 shows a **5.9%** domestic RevPAR decline and total franchise system growth to **7,488 hotels** and **630,128 rooms** [Domestic Hotel System Operating Information](index=11&type=section&id=Exhibit%204) Q1 2024 domestic hotel system RevPAR decreased by **5.9%** to **$45.24**, driven by ADR and occupancy declines, with Upscale & Above showing resilience Q1 2024 vs. Q1 2023 Domestic Operating Metrics Change | Segment | RevPAR Change (%) | ADR Change (%) | Occupancy Change (bps) | | :--- | :--- | :--- | :--- | | **Total** | **(5.9)%** | **(2.1)%** | **(200) bps** | | Upscale & Above | 1.3% | 2.3% | (50) bps | | Midscale & Upper Midscale | (7.0)% | (2.1)% | (260) bps | | Extended Stay | (6.2)% | (3.7)% | (190) bps | | Economy | (5.8)% | (1.6)% | (190) bps | [Hotel and Room Supply Data](index=12&type=section&id=Exhibit%205) As of March 31, 2024, the total franchise system grew to **7,488 hotels** and **630,128 rooms**, driven by domestic extended stay and international expansion Hotel & Room Count (YoY Change as of March 31, 2024) | Segment | Hotels (Count & % Change) | Rooms (Count & % Change) | | :--- | :--- | :--- | | **Total Franchises** | **7,488 (+0.3%)** | **630,128 (+0.5%)** | | Domestic Franchises | 6,273 (+0.1%) | 494,096 (+0.0%) | | International Franchises | 1,215 (+1.3%) | 136,032 (+2.3%) | [Non-GAAP Financial Measures](index=13&type=section&id=Non-GAAP%20Financial%20Information) Non-GAAP measures for Q1 2024 show Adjusted EBITDA increased **17%** to **$124.3 million**, and Adjusted Diluted EPS grew **14%** [Reconciliation of Net Income to Adjusted EBITDA](index=13&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Adjusted%20EBITDA) Q1 2024 Adjusted EBITDA was **$124.3 million**, a **17%** increase from Q1 2023, after reconciling from GAAP Net Income Net Income to Adjusted EBITDA Reconciliation | Metric | Q1 2024 ($ thousands) | Q1 2023 ($ thousands) | | :--- | :--- | :--- | | Net Income | $31,009 | $52,820 | | EBITDA | $71,084 | $87,874 | | **Adjusted EBITDA** | **$124,341** | **$106,446** | [Reconciliation of Net Income to Adjusted Net Income & EPS](index=13&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Adjusted%20Net%20Income%20%26%20EPS) Q1 2024 Adjusted Net Income was **$63.7 million**, resulting in Adjusted Diluted EPS of **$1.28**, a **14%** increase Adjusted Net Income & EPS Reconciliation | Metric | Q1 2024 ($) | Q1 2023 ($) | | :--- | :--- | :--- | | Net Income | $31.0M | $52.8M | | **Adjusted Net Income** | **$63.7M** | **$58.2M** | | Diluted EPS | $0.62 | $1.02 | | **Adjusted Diluted EPS** | **$1.28** | **$1.12** | [2024 Outlook Non-GAAP Reconciliation](index=14&type=section&id=2024%20Outlook%20Non-GAAP%20Reconciliation) Full-year 2024 outlook projects Net Income between **$260 million** and **$274 million**, with Adjusted Diluted EPS of **$6.30** to **$6.60** Full-Year 2024 Outlook Reconciliation | Metric | Lower Range ($ thousands/share) | Upper Range ($ thousands/share) | | :--- | :--- | :--- | | Net Income | $260,000 | $274,000 | | **Adjusted Net Income** | **$306,000** | **$320,000** | | Diluted EPS | $5.35 | $5.65 | | **Adjusted Diluted EPS** | **$6.30** | **$6.60** |

Wall Street analysts forecast that Choice Hotels (CHH) will report quarterly earnings of $1.15 per share in its upcoming release, pointing to a year-over-year increase of 2.7%. It is anticipated that revenues will amount to $345.02 million, exhibiting an increase of 3.7% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial proj ...

"The relaunch of Park Inn by Radisson into the premium value conversion space underscores our commitment to delivering an unparalleled guest experience, inspired by the simplicity and vibrant energy of parks," said Cathy Hartman, vice president, brand strategy, Choice Hotels. "The brand has been built around a promise to brighten up every stay with a refreshing blend of color, connectivity, and convenience." Park Inn by Radisson will cater to a new generation of experience-centered travelers in a way that's ...

The market expects Choice Hotels (CHH) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...