financeasianhospitality.com··1 min·For: Owner, Investor, Revenue
Choice Hotels Expands U.S. Footprint with 6,400 Q2 Room Openings
Choice Hotels International reported a 27% increase in U.S. room openings in Q2, driven by extended-stay and conversion growth, while RevPAR rose 1.3%. However, net income fell 21% to $64 million due to increased expenses and reimbursable deficits.
Key Takeaways
- 1U.S. room openings surged 27% in Q2 to 6,400 rooms, marking the highest Q2 level since 2019.
- 2Systemwide U.S. RevPAR increased 1.3%, bolstered by rate growth and a 40-basis-point gain in occupancy.
- 3Net income declined 21% to $64 million amid higher SG&A costs, depreciation, and net reimbursable deficits.
Source: asianhospitality.com
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