Core Insights - Choice Hotels reported revenue of $435.16 million for the quarter ended June 2024, reflecting a 1.8% increase year-over-year, but fell short of the Zacks Consensus Estimate of $441.3 million by 1.39% [1] - The company's EPS was $1.84, an increase from $1.75 in the same quarter last year, but also missed the consensus estimate of $1.87 by 1.60% [1] Revenue and Earnings Performance - Revenue growth was 1.8% year-over-year, but below analyst expectations [1] - EPS increased to $1.84 from $1.75 year-over-year, but did not meet the consensus estimate [1] Key Metrics Analysis - RevPAR growth was -0.5%, compared to an estimated growth of 1% [3] - Actual RevPAR was $60, below the average estimate of $61.34 [4] - Domestic franchise rooms totaled 494,083, slightly below the estimate of 494,202 [5] - Occupancy rate was 60.3%, lower than the average estimate of 61.2% [6] - Total franchise rooms were 631,063, compared to the estimated 637,294 [7] - Average Daily Rate (ADR) was $99.46, below the estimated $100.52 [8] Revenue Breakdown - Other revenues from franchised and managed properties were $215.20 million, below the estimate of $221.21 million, but showed a 0.4% increase year-over-year [9] - Royalty, licensing, and management fees were $141.81 million, compared to the estimate of $144.67 million, reflecting a 0.9% year-over-year increase [10] - Revenues from owned hotels reached $28.42 million, exceeding the estimate of $26.57 million, with an 11.4% year-over-year increase [11] - Initial franchise fees were $6.56 million, below the estimate of $7.34 million, representing an 8.4% decrease year-over-year [12] - Platform and procurement services fees were $28.13 million, below the estimate of $29.46 million, with a 2.3% year-over-year decrease [13] - Other revenues were $15.04 million, exceeding the estimate of $12.82 million, showing a significant 34.9% year-over-year increase [14] Stock Performance - Shares of Choice Hotels have returned +2.2% over the past month, outperforming the Zacks S&P 500 composite, which declined by -6.5% [14] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [14]

Choice Hotels (CHH) came out with quarterly earnings of $1.84 per share, missing the Zacks Consensus Estimate of $1.87 per share. This compares to earnings of $1.75 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.60%. A quarter ago, it was expected that this hotel franchiser would post earnings of $1.15 per share when it actually produced earnings of $1.28, delivering a surprise of 11.30%. Over the last four quarters, the ...

CHOICE HOTELS INTERNATIONAL REPORTS SECOND QUARTER 2024 RESULTS Raises Midpoint of Full-year 2024 EPS Guidance Global Rooms Pipeline up 22% and Openings up 20% Year-over-Year NORTH BETHESDA, Md., August 8, 2024 – Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, today reported its second quarter 2024 results. Highlights include: • Total revenues reached $435.2 million for second quarter 2024, a quarterly record and a 2% increase compared to the same period of 202 ...

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 June 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 ...

Kicking off its third season of Choice Privileges College Football Experiences, Choice Hotels is offering members the opportunity to bid their Choice Privileges points on 40 one-of-a-kind VIP experiences with 15 different teams, including the reigning national champion Michigan Wolverines, as well as the Alabama Crimson Tide, the Ohio State Buckeyes, the Oklahoma Sooners, the Louisville Cardinals, and many more. These Experiences provide college football fans with memorable ways to cheer on their favorite c ...

"We're excited to continue Cambria Hotels' expansion showcasing its unique offerings and top-notch amenities to even more guests in top destinations including Niagara Falls, Rehoboth, North Conway, and Denver," said Indy Adenaw, senior vice president and general manager, upscale, Choice Hotels. "Each new Cambria Hotel that opens, with its stylish yet approachable esthetic, great amenities including a full bar, and perfectly situated location, makes the upscale brand a go-to for travelers whether they are lo ...

For the most recent quarter, Choice Hotels was expected to post earnings of $1.15 per share, but it reported $1.28 per share instead, representing a surprise of 11.30%. For the previous quarter, the consensus estimate was $1.35 per share, while it actually produced $1.44 per share, a surprise of 6.67%. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change ...

NORTH BETHESDA, Md., July 11, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, has been named one of "America's Best Mid-Size Companies 2024" by TIME and Statista. The list recognizes U.S. companies that generate from $100 million to $10 billion in revenue and identifies companies based on employee satisfaction, revenue growth, and sustainability transparency. "At Choice Hotels, what unites our owners, our associates, and our guests is the s ...

Choice Hotels International. (PRNewsFoto/Choice Hotels International) (PRNewsfoto/Choice Hotels International) Choice Hotels International. (PRNewsFoto/Choice Hotels International) (PRNewsfoto/Choice Hotels International) The call will be recorded and available for replay on the investor relations website within 24 hours. In addition, the call will be archived on the investor relations website and can be accessed via the Events and Presentations tab. Choice Hotels International, Inc. (NYSE: CHH) is one of t ...

The notes will mature on August 1, 2034, will bear interest at a rate of 5.850%, and will be issued at 98.929% of par value. The notes will be unsecured, unsubordinated obligations of the Company. A copy of the prospectus included in the registration statement may also be obtained from the SEC's website at www.sec.gov. Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world, with nearly 7,500 hotels, representing more than 630,000 rooms, in 45 countries and terri ...