Choice Hotels International, Inc. (CHH) delivered lower-than-expected second-quarter 2024 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. However, both metrics increased on a year-over-year basis. The quarter's performance was backed by strong demand trends across the company's diversified portfolio of brands. This uptrend in demand aided in accelerating global hotel openings, expanding international market reach and increasing the size of its rewards program. Moreover, CH ...

SECOND QUARTER 2024 EARNINGS RESULTS PRESENTATION Cambria Hotel, Rehoboth Beach, DE 1 August 8, 2024 48 CHOICE Forward-looking Statements 2 Information set forth herein includes "forward-looking statements." Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology, such as "expect," "estimate," "believe," "anticipate," "should," "will," "forecast," "plan," "project," "assume," or similar words of futurity. All statements other than hist ...

Choice Hotels International, Inc. (NYSE:CHH) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Allie Summers - Senior Director and Investor Relations Pat Pacious - President, Chief Executive Officer & Director Scott Oaksmith - Chief Financial Officer Conference Call Participants Dany Asad - Bank of America Stephen Grambling - Morgan Stanley David Katz - Jefferies Daniel Hogan - Baird Robin Farley - UBS Securities Joe Greff - JPMorgan Patrick Scholes - Truist Securities Brandt ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NO. 001-13393 | --- | --- | |---------------------------------------------- ...

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 ...