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Choice Hotels Intl Inc - CHH STOCK NEWS

Welcome to our dedicated page for Choice Hotels Intl news (Ticker: CHH), a resource for investors and traders seeking the latest updates and insights on Choice Hotels Intl stock.

Overview

Choice Hotels International, Inc. (CHH) is a premier global lodging franchisor renowned for its extensive network and diverse portfolio of hotel brands. With a business model rooted in the franchising of hotels, CHH caters to a wide array of traveler needs through a mix of full-service upper upscale, midscale, extended stay, and economy options. In the dynamic world of hospitality, CHH stands out by offering modern amenities, distinctive design, and tailored guest experiences under each of its carefully curated brands.

Business Model and Revenue Streams

The company operates on a franchise-first model, deriving its revenue primarily from franchise fees and ongoing management services. This approach allows CHH to maintain a scalable and asset-light structure, while continuously expanding its global footprint. Its diverse revenue channels ensure stability and flexibility even as market dynamics evolve.

Brand Portfolio and Market Segments

CHH's portfolio encompasses a wide range of brands that address various market segments, from economy and midscale to extended stay and upscale segments. The Comfort® brand family, including Comfort Inn®, Comfort Inn & Suites®, and Comfort Suites®, is celebrated for its modern look, guest-centric amenities, and consistent service quality. In addition, newer lifestyle and select-service brands such as Ascend and Cambria enhance the company's footprint in the upper midscale space, while specialized extended stay brands address the growing demand for longer-term accommodations.

Operational Excellence and Technological Innovations

At the heart of CHH’s operational strategy is its commitment to technological advancement and innovative solutions. The company supports its franchisees through a suite of cutting-edge, cloud-based platforms, including the choiceEDGE guest reservation system and the choiceADVANTAGE property management system, which simplify operations, improve efficiency, and optimize revenue management. Modular conversion solutions such as Kitchen in a Box and Lobby in a Box empower hotel owners to rapidly transform properties to meet evolving market demands, ensuring operational agility and enhanced guest experiences.

Global Presence and Strategic Expansion

With a significant presence in domestic markets as well as an expanding international footprint, CHH demonstrates robust capabilities in adapting to varied market conditions and cultural contexts. Its network spans multiple continents, emphasizing local tastes while maintaining a consistent global standard of service. This dual focus on global reach and local relevance enables CHH to meet traveler expectations in diverse regions around the world.

Commitment to Franchise Partners

CHH’s success is deeply intertwined with its dedication to franchise partner support. The company offers comprehensive training programs through initiatives like Choice University, ensuring that franchisees can benefit from industry best practices and operational excellence. Continuous innovation and personalized support are key pillars that help franchise owners optimize performance and maximize returns on their investment.

Competitive Position and Industry Leadership

In a competitive hospitality landscape, CHH differentiates itself through a relentless focus on innovation, brand diversity, and customer-centric amenities. By constantly adapting to consumer trends and leveraging data-driven insights, the company sustains its competitive advantage. Its versatile business model, combined with an unwavering commitment to service quality, positions CHH as a trusted and authoritative name in the hospitality industry.

Innovative Solutions and Future-Proofing Operations

Recognizing the rapid evolution of consumer preferences, CHH continually introduces initiatives designed to enhance operational efficiency and guest satisfaction. Proprietary solutions such as kitchen and lobby modular packages enable swift conversions of transient properties into extended stay accommodations, meeting the increasing demand for flexible travel experiences. These innovations support long-term growth by allowing hoteliers to respond efficiently to industry trends and market shifts.

Conclusion

Choice Hotels International has built a resilient and adaptive business, balancing a rich legacy of hospitality with forward-thinking innovation. Its extensive brand portfolio, technological prowess, and commitment to franchise partner success ensure a sustained presence in the global lodging industry. As a trusted advisor to its franchisees and a respected name among travelers, CHH continues to deliver exceptional guest experiences while setting the standard for operational excellence and industry innovation.

Rhea-AI Summary

Choice Hotels International, Inc. (NYSE: CHH), a leading global lodging franchisor, has announced a quarterly cash dividend of $0.2875 per share on its common stock. The dividend will be payable on October 16, 2024, to shareholders of record as of October 1, 2024. Choice Hotels boasts a diverse portfolio of 22 brands across various segments, with nearly 7,500 hotels representing over 630,000 rooms in 45 countries and territories. The company's range spans from full-service upper upscale properties to midscale, extended stay, and economy options, catering to a wide array of traveler needs while aiming to drive value for franchise owners and shareholders.

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Choice Hotels International, Inc. (NYSE: CHH) has expanded its upscale portfolio with the opening of the Radisson Hotel Fairview Heights - St. Louis in Fairview Heights, Illinois. The four-story, 119-room hotel offers nearly 10,000 square feet of meeting spaces and amenities including a heated indoor pool, fitness center, and on-site bar and restaurant. Located near downtown St. Louis, the hotel provides easy access to popular attractions and airports.

The property features a modern nature-inspired design with guest rooms equipped with ergonomic work areas, free WiFi, flat-screen TVs, and more. Radisson participates in the Choice Privileges rewards program, which allows members to earn and redeem points at over 7,000 hotels worldwide. Choice Hotels continues to support its franchisees with cutting-edge solutions and resources to maximize their return on investment.

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Choice Hotels International (NYSE: CHH) has announced its first contract under the recently reintroduced SOAR program, aimed at creating hotel ownership opportunities for underrepresented entrepreneurs. Damon Healey of Eternal Companies has signed a contract to convert two hotels in Georgia to Suburban Studios, one of Choice's extended stay brands. The properties, located in Columbus and Macon, opened on May 30.

The SOAR program reaffirms Choice's commitment to supporting underrepresented entrepreneurs in hotel ownership. In 2023, Choice's Emerging Markets program executed 28 new franchise contracts with diverse entrepreneurs, including 9 with African American owners and 17 with women owners through the HERtels by Choice program. The company has awarded and financially supported over 370 franchise agreements with underrepresented minority and veteran entrepreneurs since the program's inception.

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Choice Hotels International, Inc. (NYSE: CHH) is expanding its Everhome Suites brand with three new locations breaking ground in San Antonio, Texas; Bowling Green, Kentucky; and Wichita, Kansas. These developments, in collaboration with Highside Companies, reinforce Choice's leadership in the extended stay segment. Currently, Choice has 4 Everhome Suites open, 65 in the pipeline, over 20 under construction, and more than 15 expected to open within the next 12 months. The new properties will offer 115-123 rooms each, featuring fully equipped kitchens, spa-style bathrooms, and various amenities. Choice Hotels continues to capitalize on the growing extended stay demand, which is currently double the supply.

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Choice Hotels International (NYSE: CHH) has installed three beehives at its North Bethesda headquarters in collaboration with Bee Downtown to promote sustainability and local biodiversity. The estimated 150,000 honeybees can pollinate a 3-mile radius, potentially impacting 18,000 acres of surrounding land.

Choice associates selected a 'Bee Hotel' design for the hives, which are expected to produce over 100 pounds of honey in just months. The initiative is part of Choice's Room to Be Green program, focusing on energy, water, waste, biodiversity, and engagement across all Choice Hotels brands worldwide.

The collaboration offers educational opportunities for Choice associates, including honey tastings and hive tours. This project aligns with Choice's commitment to environmental stewardship, as their office building in Pike & Rose is pursuing LEED Gold Certification and is WiredScore Gold Certified.

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Choice Hotels International (NYSE: CHH) has named 72andSunny New York as its new creative agency and dentsu X as its digital media agency of record. This strategic collaboration aims to increase awareness and drive direct bookings for Choice's 22 hotel brands, including Radisson, Cambria Hotels, and Comfort Hotels. The partnership will leverage cultural trends and cutting-edge technology to reach guests effectively.

Choice Hotels has expanded to eight upscale and full-service hotel brands globally, introduced new designs for select-service brands, and is transforming its rewards program. dentsu X has already implemented a media strategy for 2024, while 72andSunny is developing the 2025 marketing campaign. The collaboration also includes Havas Media, which will continue to lead media planning and buying for TV.

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Choice Hotels International's WoodSpring Suites has been ranked #1 in guest satisfaction by the J.D. Power 2024 North America Hotel Guest Satisfaction Index Study for the third consecutive year. This achievement highlights WoodSpring's position as the top economy extended stay brand. With 246 locations open and 264 in development as of Q2 2024, WoodSpring is part of Choice's extended stay portfolio, which is set to reach 500 hotels later this year.

The J.D. Power study measures customer satisfaction based on six factors, including communications, food and beverage, guest room, hotel facility, staff service, and value for price. WoodSpring Suites offers affordable weekly and monthly rates with spacious suites featuring in-room kitchens, catering to longer-term guests.

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Choice Hotels International (NYSE: CHH) reported strong Q2 2024 results, with total revenues reaching a record $435.2 million, up 2% year-over-year. Net income increased 3% to $87.1 million, with diluted EPS up 9% to $1.80. Adjusted EBITDA grew 6% to a quarterly record of $161.7 million.

The company's global rooms pipeline expanded 22% year-over-year to over 114,000 rooms, with domestic rooms pipeline up 11%. Global hotel openings increased by 20% compared to Q2 2023. Choice Hotels raised the midpoint of its full-year 2024 EPS guidance, demonstrating confidence in its growth strategy and business model.

Key highlights include a 14% increase in total revenues excluding reimbursable revenue and a 5 basis point increase in domestic effective royalty rate to 5.04%. The company also expanded its international portfolio and repurchased 2.4 million shares for $296.2 million year-to-date.

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Choice Hotels International's Choice Privileges program is launching its third season of College Football Experiences. Members can now bid their points on 40 exclusive VIP experiences with 15 different teams, including the national champion Michigan Wolverines. The program, in collaboration with Learfield, offers fans premium game tickets, pre-game sideline passes, and team store gift cards.

Choice Hotels has nearly 100 properties across 15 brands within 10 miles of participating college stadiums. This initiative caters to Choice Privileges members who are college football fans, often staying at Choice hotels for business during the week and for games on weekends. The experiences cover popular teams like Alabama Crimson Tide, Ohio State Buckeyes, and Oklahoma Sooners.

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Choice Hotels International (NYSE: CHH) has expanded its Cambria Hotels brand with four new openings in popular U.S. destinations: Niagara Falls, NY; Rehoboth, DE; North Conway, NH; and Denver, CO. These additions bring the total number of Cambria Hotels to over 70 nationwide. The new properties offer full-service upscale experiences with amenities like restaurants, bars, and meeting spaces, catering to both leisure and business travelers.

The expansion aligns with the summer travel season, as a Deloitte survey indicates nearly half of Americans plan to take a trip. Each new hotel features unique designs reflecting local charm and industrial roots, while providing modern amenities and convenient locations near popular attractions. The openings reinforce Choice Hotels' position as a challenger in the upscale segment, complementing its portfolio of brands including Radisson Blu and Ascend Hotel Collection.

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FAQ

What is the current stock price of Choice Hotels Intl (CHH)?

The current stock price of Choice Hotels Intl (CHH) is $123.95 as of April 17, 2025.

What is the market cap of Choice Hotels Intl (CHH)?

The market cap of Choice Hotels Intl (CHH) is approximately 5.9B.

What is the core business model of Choice Hotels International?

Choice Hotels International operates as a lodging franchisor, generating revenue primarily through franchise fees and management services. Its asset-light model allows for broad geographic expansion and operational efficiency.

How does CHH generate its revenue?

The company derives its revenue from franchise fees, ongoing management services, and support solutions provided to hotel owners. This diversified revenue stream supports a scalable and resilient business structure.

What segments does Choice Hotels serve?

Choice Hotels caters to various market segments including economy, midscale, extended stay, and upscale. Its diverse brand portfolio is designed to meet the needs of different traveler demographics and occasions.

How does CHH support its franchise partners?

CHH supports its franchisees with state-of-the-art technology platforms, comprehensive training programs like Choice University, and innovative solutions to optimize property operations and enhance guest satisfaction.

What innovative solutions does CHH offer?

The company offers pioneering conversion solutions such as Kitchen in a Box and Lobby in a Box, as well as advanced management systems like choiceEDGE and choiceADVANTAGE. These tools enable rapid property upgrades and improved operational efficiency.

How is CHH positioned in the global market?

With a diverse portfolio spanning multiple countries, CHH maintains a strong global presence. Its ability to adapt to varied market dynamics while offering consistent service quality reinforces its status as a trusted international franchisor.

What distinguishes CHH from its competitors?

CHH stands out due to its robust franchising model, technological innovations, and comprehensive support for hotel owners. This combination of operational excellence and strategic brand management differentiates it in a competitive hospitality landscape.

How does CHH address changes in the travel industry?

By continuously innovating and investing in technology, CHH adapts to evolving traveler preferences. Its modular conversion solutions and data-driven strategies allow the company to stay agile and meet market demands efficiently.
Choice Hotels Intl Inc

NYSE:CHH

CHH Rankings

CHH Stock Data

5.90B
26.99M
41.64%
66.44%
11.99%
Lodging
Hotels & Motels
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United States
NORTH BETHESDA