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Choice Hotels International concluded its 68th Annual Convention in Las Vegas, NV, one of the largest to date. The event featured the relaunch of Park Inn by Radisson, the reintroduction of the SOAR program for hotel ownership opportunities, and awards for top-performing hotels. Choice expressed optimism about future growth and celebrated owners' success.
Choice Hotels International, Inc. reported its first quarter 2024 results, with net income at $31.0 million and adjusted diluted EPS at $1.28, marking a 9% increase from 2023. The company repurchased $196.6 million of common stock year-to-date and relaunched Park Inn by Radisson. The global pipeline increased by 10% to over 115,000 rooms, and the company increased its guidance for diluted EPS for full-year 2024.
Choice Hotels International, Inc. announced the relaunch of Park Inn by Radisson as part of their strategy with the acquisition of Radisson Hotels Americas. The brand will be repositioned into the premium value conversion space targeting younger, value-conscious travelers. Park Inn by Radisson aims to deliver a unique guest experience focusing on color, connectivity, and convenience. The first relaunched property will be in San Antonio, Texas, with plans for domestic expansion. The brand will offer 'brighter basics' such as colorful decor, fast Wi-Fi, and grab & go breakfast items. Choice Hotels provides franchisee support and access to global reservation channels for improved digital traffic and bookings.
Choice Hotels International held its 68th annual convention in Las Vegas, showcasing its strong competitive position and plans for growth. With over 6,600 registrants and 1,100 exhibitors, the event focused on driving success for owners and operators in the travel industry. The company highlighted its recent growth, technology advancements, and strategic investments for future revenue generation.
Choice Hotels International, Inc. hosted a seminar called SOAR to support underrepresented entrepreneurs in hotel ownership, reaffirming its commitment to inclusivity. The company introduced a program to create opportunities for minority entrepreneurs, including black, Hispanic, native Americans, women, and veterans. Choice Hotels also highlighted its HERtels program empowering female entrepreneurs. The event featured discussions, a Q&A session with a former NFL player, and networking opportunities.