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19 October 2017
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Choice Hotels reports 16% in net income in 2Q2017

04 August 17 - RE+D Magazine
Choice Hotels reports 16% in net income in 2Q2017

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19 October 17 Pacific Castle Shopcore
17 October 17 Credit Suisse Asset Management Legal & General capital

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Choice Hotels International experienced year-over-year gains in both occupancy and average daily rate during the second quarter.

 

Occupancy rose 60 basis points to 61.1 percent and ADR increased 1.7 percent to $82.16. According to businesstravelnews.com, incoming CEO and current president and COO Pat Pacious led the company's earnings call, marking a passing of the torch from outgoing CEO Stephen Joyce, who will retire on Jan. 1.

Choice's total systemwide portfolio as of June 30 totaled 520,224 rooms across 6,553 properties, a 1.9 percent increase over the prior year. Net income rose 16 percent year over year to $45 million.

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