Choice Hotels International Inc

CHH

Equity

ISIN US1699051066 / Valor 701530

New York Stock Exchange, Inc (2024-12-26)

USD 141.27+0.40%

Choice Hotels International Inc
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About company

Choice Hotels International Inc (NYSE: CHH) is a leading global lodging franchisor with over 7,000 hotels and nearly 570,000 rooms across more than 40 countries and territories. The company offers a diverse range of hotel options, from limited service to full-service properties in various market segments, catering to both business and leisure travelers. Choice Hotels is known for providing high-quality and high-value accommodations, both domestically and internationally. The company also emphasizes Corporate Social Responsibility (CSR) through its Room for Responsibility™ initiatives, focusing on improving the quality of life for its associates, their families, and the broader community.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

Choice Hotels International Inc. reported total revenues of $428.0 million for the third quarter of 2024, marking a quarterly record and a 1% increase compared to the same period in 2023. This growth reflects the company's strong performance and strategic initiatives in expanding its market presence.

Net Income and EPS

For the third quarter of 2024, Choice Hotels International Inc. achieved a net income of $105.7 million, a 15% increase from the previous year. This resulted in a diluted earnings per share (EPS) of $2.22, representing a 23% year-over-year growth and setting a new quarterly record for the company.

Adjusted EBITDA

Choice Hotels International Inc. reported an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $177.6 million for the third quarter of 2024. This figure represents a 14% increase compared to the same period in 2023, highlighting the company's effective cost management and operational efficiency.

Global Pipeline Expansion

As of September 30, 2024, Choice Hotels International Inc.'s global pipeline increased by 11% to over 110,000 rooms, setting a third-quarter record. This growth was driven by a significant 54% increase in conversion rooms, underscoring the company's successful expansion strategy.

Shareholder Returns

During the nine months ended September 30, 2024, Choice Hotels International Inc. repurchased 2.9 million shares of common stock for $352.9 million. Additionally, the company paid cash dividends totaling $42.5 million, reflecting its commitment to returning capital to shareholders.

Summarized from source with an LLMView Source

Key figures

24.7%1Y

-7.46%3Y

34.9%5Y

Performance

24.4%1Y

28.2%3Y

33.9%5Y

Volatility