Choice Hotels Boosts Global Pipeline [Yahoo! Finance]
Choice Hotels International, Inc. (CHH)
Last choice hotels international, inc. earnings: 2/18 08:12 am
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Source: Yahoo! Finance
The Rockville, MD-based hotel franchisor — whose nearly 7,500 hotels span 22 brands, such as Comfort and Quality Inn — said its global pipeline of rooms increased by 10% in the first quarter to a company record of more than 115,000. The pipeline for conversion rooms climbed 36% worldwide and surged 59% in the U.S. during the same period. Adjusted EBITDA, a measure of profit, climbed 17% from a year earlier to $124 million — a company record for the first quarter. Executives touted the performance of the roughly 600 Radisson Americas hotels it bought for $655 million in 2022 “We're unlocking the revenue synergies from the Radisson Americas acquisition, which has meaningfully enhanced our growth profile and opened new incremental earnings streams,” said CEO Patrick Pacious. To further capitalize on travel demand, Choice Hotels redesigned and relaunched its Park Inn by Radisson brand in April to target value-conscious guests. The first hotel under the flag is expected to open in
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CHH
News
- Choice Hotels Announces Quarterly Cash Dividend [Yahoo! Finance Canada]Yahoo! Finance Canada
- Choice Hotels Announces Quarterly Cash DividendPR Newswire
- Oracle (ORCL) Signs Deal With Choice Hotels to Offer Solution [Yahoo! Finance]Yahoo! Finance
- Choice Hotels and Air France-KLM partner for travel rewards [Yahoo! Finance]Yahoo! Finance
- Choice Hotels adopts Oracle's AI merchandising tech for upscale properties [Yahoo! Finance]Yahoo! Finance
CHH
Earnings
- 5/8/24 - Beat
CHH
Sec Filings
- 5/17/24 - Form 144
- 5/17/24 - Form 8-K
- 5/16/24 - Form 144
- CHH's page on the SEC website