Choice Hotels International, Inc. (NYSE:CHH) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Allie Summers - Senior Director of Investor Relations Pat Pacious - President, Chief Executive Officer & Director Scott Oaksmith - Chief Financial Officer Conference Call Participants Shaun Kelley - Bank of America Michael Bellisario - Baird Stephen Grambling - Morgan Stanley David Katz - Jefferies Robin Farley - UBS Lizzie Dove - Goldman Sachs Joseph Greff - JPMorgan Meredith Jens ...

Choice Hotels (CHH) came out with quarterly earnings of $2.23 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.75%. A quarter ago, it was expected that this hotel franchiser would post earnings of $1.87 per share when it actually produced earnings of $1.84, delivering a surprise of -1.60%.Over the last four quarters, the co ...

CHOICE HOTELS INTERNATIONAL REPORTS STRONG THIRD QUARTER 2024 RESULTS Drives EPS Growth of 23% Year-over-Year Raises Full-year 2024 Net Income, EPS, and RevPAR Guidance NORTH BETHESDA, Md., November 4, 2024 – Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, today reported its third quarter 2024 results. Highlights include: • Total revenues reached $428.0 million for third quarter 2024, a quarterly record and a 1% increase compared to the same period of 2023. • N ...

Drives EPS Growth of 23% Year-over-Year Raises Full-year 2024 Net Income, EPS, and RevPAR Guidance NORTH BETHESDA, Md., Nov. 4, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, today reported its third quarter 2024 results.Highlights include: Total revenues reached $428.0 million for third quarter 2024, a quarterly record and a 1% increase compared to the same period of 2023. Net income increased 15% to $105.7 million for third quarter 2024 ...

Core Insights - Choice Privileges has over 66 million members who can redeem points at more than 7,000 hotels across 45 countries and territories, with new features enhancing the booking experience [1][5] - The program now allows bookings for reward nights up to 50 weeks in advance and offers premium room types for point redemption [1][2] - The reintroduction of the Choice RewardSaver tool enables members to book reward nights starting at 6,000 points, a reduction from the previous minimum of 8,000 points [1][2] Membership Benefits - Members earn 10 points per qualifying $1 spent at eligible Choice hotels and can combine points with cash for reward nights [3][4] - The program includes a rewards exchange option with 10 participating airlines and exclusive experiences such as college sports and VIP racing events [3][5] - The Choice Privileges Mastercard offers 5x points on stays at participating hotels and additional benefits like automatic Gold Elite Membership [4][5] Company Overview - Choice Hotels International, Inc. is a leading lodging franchisor with nearly 7,500 hotels and over 630,000 rooms globally, catering to various traveler needs [4][5] - The company operates a diverse portfolio of 22 brands, ranging from upscale to economy, enhancing value for franchise owners and shareholders [4][5] - The award-winning Choice Privileges rewards program and co-brand credit card options facilitate easy earning of reward nights and personalized perks for members [5]

Choice Hotels (CHH) shares rallied 7.1% in the last trading session to close at $141.35. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% gain over the past four weeks.Strong demand trends across Choice Hotels’ diversified portfolio of brands along with international market reach expansion bode well for the company. This hotel franchiser is expected to post quarterly earnings of $1.91 per share in its upc ...

"Reaching 500 open extended stay properties is a testament to our strategic focus on this high growth category, proven extended stay hotel operating model, and tried and true brand prototypes, all of which make Choice's expertise the best in the industry," said Patrick Pacious, President and CEO of Choice Hotels, International. "As we continue to grow, we're committed to working with developers to deliver high-quality, cost-effective properties that provide an excellent long-staying guest experience and unp ...

Choice Privileges members have donated more than 14 million points, equivalent to over $70,000, to date. Choice has fulfilled a $20,000 donation match and committed to match another $30,000, as the campaign continues. Additional donations have come from company associates and matching through Choice Gives, the company's corporate charity donation matching program."We're thankful for the support and proud of our Choice Privileges members, associates, and company for donating over $90,000 to the American Red ...

Company Overview - Choice Hotels International, Inc. is one of the largest lodging franchisors globally, with nearly 7,500 hotels and over 630,000 rooms across 45 countries and territories as of June 30, 2024 [3] - The company operates a diverse portfolio of 22 brands, catering to various market segments from full-service upper upscale properties to midscale, extended stay, and economy options [3] - The Choice Privileges rewards program and co-brand credit card options enhance customer engagement by providing members with opportunities to earn reward nights and personalized perks [3] Investor Relations - A teleconference for investors is scheduled, with participation options available via domestic and international dialing, as well as a live webcast on the company's investor relations website [1] - The teleconference will be recorded and accessible for replay within 24 hours on the investor relations website, ensuring that stakeholders can review the information at their convenience [2]

Following positive results from its Kitchen in a Box initiative, Choice Hotels International, Inc. (CHH) is expanding its portfolio of innovative solutions for extended stay hotel conversions by introducing Lobby in a Box. This exclusive design package helps convert public spaces into functional, revenue-generating areas, specifically for Suburban Studios and MainStay Suites, with transformations completed in about 120 days. This new Modular Design Package from Choice Hotels provides a quick solution for cr ...