Choice Hotels International Celebrates Year of Development Success
Choice Hotels International (NYSE: CHH) reported significant development success across multiple segments in 2024. The company matched its previous record with 61 extended stay hotel openings, including its 500th extended stay property in October. Notable achievements include 25 WoodSpring Suites and 6 Everhome Suites openings.
In the upscale segment, Choice opened 27 new hotels, including 18 Ascend Hotel Collection properties (80% year-over-year increase), 7 Cambria Hotels, and 2 Radisson properties. The Radisson brand saw a 7.5% year-over-year RevPAR increase.
The company demonstrated strong performance in midscale with 41 Quality Inn openings and 26 Comfort brand properties. Country Inn & Suites showed impressive growth with a 19-point increase in RevPAR Index and 20% increase in direct online contribution.
Choice also achieved record-breaking results in its SOAR program, opening 20 properties and awarding 37 franchise agreements to support historically underrepresented groups in hotel ownership.
Choice Hotels International (NYSE: CHH) ha riportato risultati significativi nello sviluppo in diversi segmenti nel 2024. L'azienda ha eguagliato il suo record precedente con 61 aperture di hotel a soggiorno prolungato, inclusa la sua 500ª proprietà a soggiorno prolungato in ottobre. Tra i risultati notevoli ci sono le aperture di 25 WoodSpring Suites e 6 Everhome Suites.
Nel segmento di fascia alta, Choice ha aperto 27 nuovi hotel, tra cui 18 proprietà della Ascend Hotel Collection (un aumento dell'80% rispetto all'anno precedente), 7 Cambria Hotels e 2 proprietà Radisson. Il marchio Radisson ha registrato un incremento del 7,5% nel RevPAR rispetto all'anno precedente.
L'azienda ha dimostrato un forte rendimento nel segmento midscale con 41 aperture di Quality Inn e 26 proprietà del marchio Comfort. Country Inn & Suites ha mostrato una crescita impressionante con un aumento di 19 punti nell'Indice RevPAR e un incremento del 20% nel contributo diretto online.
Choice ha anche raggiunto risultati da record nel suo programma SOAR, aprendo 20 proprietà e concedendo 37 accordi di franchising per sostenere gruppi storicamente sottorappresentati nella proprietà alberghiera.
Choice Hotels International (NYSE: CHH) informó un éxito significativo en el desarrollo en múltiples segmentos en 2024. La compañía igualó su récord anterior con 61 aperturas de hoteles de larga estancia, incluyendo su 500ª propiedad de larga estancia en octubre. Los logros notables incluyen 25 aperturas de WoodSpring Suites y 6 de Everhome Suites.
En el segmento de lujo, Choice abrió 27 nuevos hoteles, incluyendo 18 propiedades de la Ascend Hotel Collection (un aumento del 80% respecto al año anterior), 7 Cambria Hotels y 2 propiedades Radisson. La marca Radisson experimentó un aumento del 7,5% en RevPAR en comparación con el año anterior.
La empresa demostró un rendimiento sólido en el segmento medio con 41 aperturas de Quality Inn y 26 propiedades de la marca Comfort. Country Inn & Suites mostró un impresionante crecimiento con un aumento de 19 puntos en el Índice RevPAR y un incremento del 20% en la contribución directa en línea.
Choice también logró resultados récord en su programa SOAR, abriendo 20 propiedades y otorgando 37 acuerdos de franquicia para apoyar a grupos históricamente subrepresentados en la propiedad hotelera.
Choice Hotels International (NYSE: CHH)는 2024년 여러 부문에서 상당한 개발 성공을 보고했습니다. 이 회사는 61개의 장기 체류 호텔 오픈으로 이전 기록을 경신했으며, 10월에는 500번째 장기 체류 호텔이 개장했습니다. 주목할 만한 성과로는 25개의 WoodSpring Suites와 6개의 Everhome Suites 오픈이 있습니다.
고급 부문에서는 Choice가 27개의 새로운 호텔을 오픈하였으며, 이 중 18개는 Ascend Hotel Collection(전년 대비 80% 증가), 7개의 Cambria Hotels 및 2개의 Radisson 속성입니다. Radisson 브랜드는 전년 대비 RevPAR이 7.5% 증가했습니다.
이 회사는 중급 시장에서 41개의 Quality Inn 오픈과 26개의 Comfort 브랜드 속성을 통해 강력한 성과를 보였습니다. Country Inn & Suites는 RevPAR 지수에서 19 포인트 증가와 온라인 직접 기여도 20% 증가라는 인상적인 성장을 기록했습니다.
Choice는 또한 역사적으로 저평가된 그룹의 호텔 소유권을 지원하기 위해 20개 속성을 개장하고 37개의 프랜차이즈 계약을 체결하여 SOAR 프로그램에서 기록적인 성과를 달성했습니다.
Choice Hotels International (NYSE: CHH) a rapporté un succès significatif en matière de développement dans plusieurs segments en 2024. L'entreprise a égalé son précédent record avec 61 ouvertures d'hôtels à séjour prolongé, y compris sa 500e propriété à séjour prolongé en octobre. Les réalisations notables comprennent 25 ouvertures de WoodSpring Suites et 6 d'Everhome Suites.
Dans le segment haut de gamme, Choice a ouvert 27 nouveaux hôtels, dont 18 propriétés de la collection Ascend Hotel (une augmentation de 80 % par rapport à l'année précédente), 7 Cambria Hotels et 2 propriétés Radisson. La marque Radisson a enregistré une augmentation du RevPAR de 7,5 % par rapport à l'année précédente.
L'entreprise a démontré de solides performances dans le segment intermédiaire avec 41 ouvertures de Quality Inn et 26 propriétés de la marque Comfort. Country Inn & Suites a montré une croissance impressionnante avec une augmentation de 19 points de l'indice RevPAR et une augmentation de 20 % de la contribution directe en ligne.
Choice a également obtenu des résultats records dans son programme SOAR, ouvrant 20 propriétés et attribuant 37 contrats de franchise pour soutenir des groupes historiquement sous-représentés dans la propriété hôtelière.
Choice Hotels International (NYSE: CHH) berichtete 2024 über signifikante Entwicklungserfolge in mehreren Segmenten. Das Unternehmen erreichte mit 61 Eröffnungen von Extended-Stay-Hotels seinen bisherigen Rekord, darunter im Oktober die 500. Extended-Stay-Immobilie. Zu den bemerkenswerten Erfolgen gehörten 25 Eröffnungen von WoodSpring Suites und 6 von Everhome Suites.
Im gehobenen Segment eröffnete Choice 27 neue Hotels, darunter 18 Immobilien der Ascend Hotel Collection (80% Steigerung im Vergleich zum Vorjahr), 7 Cambria Hotels und 2 Radisson-Immobilien. Die Marke Radisson verzeichnete einen Anstieg des RevPAR um 7,5% im Vergleich zum Vorjahr.
Das Unternehmen zeigte eine starke Leistung im Mittelklassesegment mit 41 Eröffnungen von Quality Inn und 26 Eigenschaften der Comfort-Marke. Country Inn & Suites zeigte ein beeindruckendes Wachstum mit einem Anstieg des RevPAR-Index um 19 Punkte und einem Anstieg von 20% bei den direkten Onlinebeiträgen.
Choice erzielte auch rekordverdächtige Ergebnisse in seinem SOAR-Programm, eröffnete 20 Immobilien und vergab 37 Franchiseverträge zur Unterstützung historisch unterrepräsentierter Gruppen im Hotelbesitz.
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Strong Results Across Multiple Segments Underscores Effectiveness of Franchisee Success System
"Choice Hotels ran through the finish line in 2024, and we're determined to build on that strong momentum in the coming year," said Choice Hotels International President and CEO Patrick Pacious. "Our unique revenue-intense growth strategy and unyielding focus on driving our owners' revenue up and their costs down will continue to power the future for Choice and our hotel owners — and that future is bright."
Leading from the Front in Extended Stay
In the fast-growing extended stay segment, Choice matched its previous annual record with a total of 61 hotel openings, highlighted by the grand opening of its 500th extended stay property in October. That growth included the opening of 25 WoodSpring Suites and six Everhome Suites hotels — both records for the respective new-construction brands — as well as 16 MainStay Suites and 14 Suburban Studios properties. WoodSpring, which was named the #1 economy extended stay brand by the J.D. Power North America Hotel Guest Satisfaction Index Study for a second year in a row, accounted for
The One to Watch in Upscale
In the upscale segment, where Choice has become the industry's one to watch, the company opened 27 new hotels, including 18 Ascend Hotel Collection properties, an
Continuing the Momentum in Midscale and More
In midscale, where Choice has long been a leader, the company opened 41 Quality Inn hotels in a year where the brand celebrated its 85-year anniversary. Choice also drove strong development growth across its upper midscale portfolio, with 26 openings for its flagship Comfort brand and six for Country Inn & Suites by Radisson. Choice continued to boost the value proposition offered by Country Inn & Suites in 2024, driving a 19-point increase in RevPAR Index, a
Additional highlights from 2024 and early 2025 include:
- Relaunching Radisson Individuals as an upper upscale soft brand to complement the Ascend Hotel Collection and relaunching Radisson Blu and Radisson with new guestroom design packages. Earlier this month, the company unveiled new logos for all three brands.
- Introducing a proprietary "Lobby in a Box" modular design package that enables hoteliers to transform public spaces such as lobby dining areas into multi-functional, revenue-generating spaces in as little as 120 days for its Suburban Studios and MainStay Suites extended stay conversion brands. The innovative solution follows on the success of Choice's exclusive "Kitchen in a Box" package.
- Opening 20 properties and awarding 37 franchise agreements — both all-time highs — under its Supporting Ownership Access and Representation (SOAR) program, which aims to attract, mentor and support entrepreneurs from historically underrepresented groups on their path to hotel ownership.
Capitalizing on Conversions
Choice is poised for continued growth in 2025 as it capitalizes on its world-class conversion capability, which enables the company to quickly move properties through its development pipeline, providing tremendous value to new or existing owners in any market conditions.
"Industry projections show that hotel demand growth will continue to outpace supply growth this year and in 2026," explained Dominic Dragisich, Executive Vice President for Operations and Chief Global Brand Officer at Choice Hotels International. "That's the type of environment in which our unrivaled hotel conversion capability really shines. Our ability to efficiently convert existing hotels into Choice-branded properties is a core competency that will continue to help fuel the growth of our global portfolio in 2025 and beyond."
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH), is one of the largest lodging franchisors in the world. The one to watch in upscale and a leader in midscale and extended stay, Choice® has over 7,500 hotels, representing nearly 635,000 rooms, in 45 countries and territories. A diverse portfolio of 22 brands that range from full-service upper upscale properties to midscale, extended stay and economy enables Choice® to meet travelers' needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit www.choicehotels.com.
Forward-looking Statements
This communication includes "forward-looking statements" about future events, including anticipated development and hotel openings. Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing, and the other "Risk Factors" described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations.
Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 915 Meeting Street, Suite 600,
© 2025 Choice Hotels International, Inc. All Rights Reserved
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