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Choice Hotels on Expansion Spree, Expands Everhome Suites Across U.S.
ZACKS· 2025-04-04 17:25
Choice Hotels International, Inc. (CHH) continues to focus on expanding its footprint in the extended stay segment. The company recently announced the opening of three new Everhome Suites properties in Huntsville, AL, Chandler, AZ, and Temecula, CA. This expansion underscores the company’s growing influence in one of the most in-demand categories in hospitality.Everhome Suites, Choice Hotels’ midscale extended stay brand, now boasts 10 open locations nationwide. The brand's growth trajectory remains strong, ...
Everhome Suites Continues Significant Expansion with Three New Hotel Openings in Huntsville, Chandler, and Temecula
Prnewswire· 2025-04-03 13:30
"The growth of Everhome Suites is a direct result of our strong collaboration with developers and owners to continuously value-engineer the brand so that it is well positioned for growth within the new construction midscale extended stay segment," said Ron Burgett, Senior Vice President, Extended Stay Development, Choice Hotels. "For the combined economy and midscale extended stay segments, our brands including Everhome Suites represent about half of all hotels that opened in 2024 or are currently under con ...
Clarion Pointe Pipeline Soars with 70th Hotel Opening
Prnewswire· 2025-03-25 14:02
Core Insights - Clarion Pointe has shown remarkable growth, appealing to both travelers and hotel owners in the midscale segment, with a focus on cost-effective and affordable travel experiences [1] - Launched in 2018, Clarion Pointe targets economically savvy customers seeking select-service hotels with modern essentials [1] - The brand benefits from Choice Hotels' strong brand awareness and franchise success system, enhancing its attractiveness to hotel owners [1] Product Offerings - Clarion Pointe hotels feature modern design, curated food and beverage options, fitness essentials, and on-demand TV casting [2] - The brand participates in the Choice Privileges rewards program, which has over 68 million members, and offers a co-branded Mastercard with bonus points for new users [2] Franchise Support - Choice Hotels provides advanced technological tools to franchise owners, including the choiceEDGE guest reservation platform and choiceADVANTAGE property management system, to optimize operations and returns [3] - The company has partnered with Bridge to offer affordable financing solutions for prospective hotel owners [4] Company Overview - Choice Hotels International, Inc. is one of the largest lodging franchisors globally, with over 7,500 hotels and nearly 635,000 rooms across 45 countries [5] - The company has a diverse portfolio of 22 brands, catering to various traveler needs and enhancing value for franchise owners and shareholders [5]
Choice Hotels International Introduces Sharpened Brand Identities and Refreshed Brand Prototypes for Comfort and Country Inn & Suites by Radisson
Prnewswire· 2025-03-18 13:00
"Choice Hotels is committed to growing and strengthening both Comfort and Country Inn & Suites by Radisson by ensuring we are providing incredible value and return for both owners and guests," said Judd Wadholm, Senior Vice President and General Manager of Choice Hotels' Core Brands, which include upper midscale, midscale and economy brands. "With an average 90 percent brand recognition for both brands, deep expertise in the upper midscale segment, and newly refined brand identities—combined with the power ...
Choice Hotels: Strong FY2024 Earnings, But I Don't Buy The Guidance
Seeking Alpha· 2025-03-12 09:06
Core Insights - The article discusses the performance and outlook of Choice Hotels International (NYSE: CHH) in light of recent earnings reports and external factors such as the tariff war affecting Canadian markets [1]. Group 1: Company Performance - The earnings report for Choice Hotels International may appear satisfactory, but there are underlying concerns regarding the impact of the ongoing tariff war on the company's operations and market sentiment [1]. Group 2: Analyst Background - The analyst, Nikola, has over three years of experience in finance and consulting, focusing on identifying value in North American public equities with less market hype [1]. - Nikola's professional background includes corporate credit risk analysis, government consulting, and venture capital analysis in the med-tech sector [1]. Group 3: Disclosure Information - The analyst has no current stock or derivative positions in any of the companies mentioned and does not plan to initiate any positions in the near future [2]. - The article reflects the analyst's personal opinions and is not influenced by any business relationships with the companies discussed [2].
Country Inn & Suites by Radisson Achieves Strong Performance Gains
Prnewswire· 2025-03-10 13:30
Core Insights - Choice Hotels has seen a year-over-year increase in booking conversion rates due to the relaunch of its website and mobile app, benefiting hotel owners [1] - The Country Inn & Suites brand has exceeded performance goals since joining Choice Hotels, with a focus on enhancing guest satisfaction and revenue growth [2] - A refreshed guestroom design introduced in 2023 has led to 84% of guests indicating they would likely stay at a Country Inn & Suites hotel [2] - Choice Hotels maintains a high franchisee retention rate and invests in technological solutions to streamline hotel operations and maximize revenue opportunities for owners [4] - The ChoiceROCS system has helped hotel owners dynamically adjust pricing and promotions, resulting in an average 2% increase in RevPAR Index for participating upper midscale hotels in 2024 [6] - The ChoiceMAX revenue management solution has proven effective for owners by adapting hotel rates to market changes, allowing them to focus on daily operations [7][8] - Choice Hotels has partnered with Bridge to provide affordable financing solutions for prospective and existing hotel owners [8] Company Overview - Choice Hotels International, Inc. is one of the largest lodging franchisors globally, with over 7,500 hotels and more than 650,000 rooms across 46 countries [10] - The company offers a diverse portfolio of 22 brands, catering to various traveler needs and enhancing value for franchise owners and shareholders [10][11] - Country Inn & Suites by Radisson is a leading upper midscale brand under Choice Hotels, known for its hospitality and guest experience [12]
Buckle Up: Choice Privileges Gives Members Bucket List Experiences During the 2025 NASCAR Cup Series Season with Expansion of Trackhouse Sponsorship
Prnewswire· 2025-03-06 14:30
Core Insights - Choice Privileges members can bid on exclusive NASCAR race day experiences, enhancing customer engagement and loyalty [1][2][3] - The partnership with Trackhouse Racing allows Choice Privileges to offer unique experiences at all 38 NASCAR Cup Series races in 2024 [3] - The Choice Privileges rewards program enables members to earn points through hotel stays and credit card usage, with significant bonuses available [4][8] Group 1: Customer Engagement and Experiences - In 2024, millions of points were redeemed by customers for VIP experiences during the NASCAR Cup Series, with nearly 90% of participants using points earned through Choice Hotels [2] - Nearly 80% of participants were Choice Hotels Elite members, who can achieve Elite status with just 10 nights a year [2] - The adrenaline rush of pit road experiences and meeting drivers contributed to the popularity of the Trackhouse Racing offer [3] Group 2: Sponsorship and Brand Visibility - Choice Privileges will be prominently featured as the primary paint scheme on Trackhouse Racing cars, with branded apparel at select races [3] - The partnership aims to tap into the fast-growing member base of Choice Privileges, enhancing brand visibility in the motorsports arena [3][9] Group 3: Rewards Program and Credit Card Benefits - The Choice Privileges® Mastercard® offers 40,000 bonus points for spending $1,000 in the first three months, while the Select Mastercard® offers 60,000 bonus points for $3,000 in spending [4] - Cardholders can earn 5X points on stays at participating Choice Hotels and 10X points with the Select Mastercard® [4] - The rewards program allows members to redeem points for stays at over 7,100 hotels and various partner services [8]
Choice Hotels International Announces Quarterly Cash Dividend
Prnewswire· 2025-02-26 16:38
Core Viewpoint - Choice Hotels International, Inc. has declared a cash dividend of $0.2875 per share on its common stock, payable on April 16, 2025, to shareholders of record on April 1, 2025 [1] Company Overview - Choice Hotels International, Inc. is one of the largest lodging franchisors globally, with over 7,500 hotels and more than 650,000 rooms across 46 countries and territories [2] - The company operates a diverse portfolio of 22 brands, catering to various market segments from upper upscale to economy, enhancing value for franchise owners and shareholders [2] - The Choice Privileges rewards program offers members a streamlined way to earn rewards and personalized perks [2]
Choice Hotels Q4 Earnings & Revenues Beat Estimates, Stock Up
ZACKS· 2025-02-21 16:15
Core Viewpoint - Choice Hotels International, Inc. (CHH) reported strong fourth-quarter 2024 results, with earnings and revenues exceeding expectations and showing year-over-year growth [1][4]. Financial Performance - Adjusted EPS for Q4 was $1.55, beating the Zacks Consensus Estimate of $1.50 by 3.3%, and up from $1.44 in the prior-year quarter [4]. - Quarterly revenues reached $389.8 million, surpassing the consensus mark of $378 million by 3.1%, and grew 8.8% from $358.4 million in the previous year [4]. - Total operating expenses decreased by 14.6% year over year to $270.6 million [6]. - Adjusted EBITDA was $140.4 million, reflecting a 12.3% year-over-year increase [6]. Business Growth and Strategy - The domestic rooms portfolio saw a 4.3% year-over-year revenue increase, indicating effective growth strategies [3]. - The company relaunched four brands, expanded partnerships, and strengthened its international presence [3]. - Domestic RevPAR increased by 450 basis points year over year, and the effective royalty rate rose by 6 basis points to 5.09% [5]. 2024 Highlights - Total revenues for 2024 were $1.59 billion, up from $1.54 billion in 2023 [8]. - Adjusted EBITDA for 2024 was $604.1 million, compared to $504.5 million in 2023 [8]. - Adjusted diluted EPS for 2024 was $6.88, an increase from $6.11 in the previous year [8]. Room Portfolio Expansion - The domestic net rooms portfolio increased by 3% year over year, with significant growth in the extended stay segment at 9.8% [10]. - The global upscale net rooms portfolio rose by 43.9%, with a pipeline of nearly 25,000 rooms [10]. - As of December 31, 2024, the global pipeline exceeded 97,000 rooms, with around 83,000 in the domestic market [11]. 2025 Outlook - For 2025, the company anticipates adjusted net income between $333 million and $345 million, with adjusted EBITDA expected to be between $625 million and $640 million [12]. - Adjusted diluted EPS is projected to range from $6.98 to $7.24 [12]. - Domestic RevPAR growth for 2025 is estimated at 1% to 2% compared to 2024 levels [13].
Choice Hotels(CHH) - 2024 Q4 - Earnings Call Transcript
2025-02-20 19:35
Financial Data and Key Metrics Changes - Choice Hotels reported a 12% year-over-year increase in adjusted EBITDA, reaching $604.1 million, and a 13% increase in adjusted earnings per share to $6.88 per share for the full year 2024 [7][34] - For Q4 2024, revenues excluding reimbursable revenue increased by 7% to $229 million, with adjusted EBITDA growing 12% to $140 million and adjusted earnings per share increasing by 8% to $1.55 [35] Business Line Data and Key Metrics Changes - The company achieved a 3.3% year-over-year net increase in global rooms, with a 4.3% net increase in domestic rooms, and opened 305 new domestic hotels, a 16% year-over-year increase [7][36] - The domestic extended stay segment saw a RevPAR growth of 5.9% year-over-year in Q4, while the business transient segment grew by 14% [41][12] Market Data and Key Metrics Changes - In the EMEA region, RevPAR performance increased by 5% year-over-year, with a 58% increase in hotel openings [29] - The rewards program expanded to 69 million members, an 8% increase compared to the prior year, marking the highest number of organic enrollments in a single year [30] Company Strategy and Development Direction - The company is focused on enhancing its value proposition for franchisees, with significant investments in technology and brand portfolio expansion [15][19] - Future growth is expected to be driven by the upscale and extended stay segments, which are more accretive to earnings [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the 2025 outlook, expecting adjusted EBITDA to range between $625 million and $640 million, driven by organic growth and effective royalty rate growth [48] - The company anticipates a muted new construction environment due to high interest rates, impacting overall growth projections [108] Other Important Information - The company returned over $435 million to shareholders in 2024, including $56 million in cash dividends and over $380 million in share repurchases [46] - The Radisson Americas acquisition has led to significant improvements in digital traffic and booking conversion rates, driving RevPAR index gains [25] Q&A Session Summary Question: Can you help us unpack the line items related to other revenues from franchised and managed properties? - The CFO provided a reconciliation of the line item, noting $161 million in reimbursable revenues and just under $40 million in non-reimbursables, which generated about $14.5 million, up 16% year-over-year [54][55] Question: What was the benefit to Q4 from the hurricane in the 4.5% RevPAR? - The CFO estimated that the hurricane contributed about 125 basis points to the Q4 RevPAR increase, translating to roughly 30 basis points for the full year [66] Question: How should we think about investment spending levels in 2025 compared to 2024? - Management indicated that significant investments in 2025 will focus on enhancing franchisee profitability and dynamic pricing capabilities [68] Question: What are the assumptions for U.S. and international growth in the 1% global guide? - The company expects international growth to be slightly above 3% and domestic growth to be slightly positive, with overall unit growth around 1% [77][78] Question: How should we think about the economics from the Westgate deal? - The CFO explained that the Westgate partnership involves higher fees based on reservations delivered, significantly above the average royalty fees [86]