financeSkift··1 min·For: Owner, GM, Revenue, Investor
Choice Hotels Interim CEO Targets RevPAR Gap Against Rivals
Choice Hotels' interim CEO Dominic Dragisich is prioritizing closing the company's RevPAR gap as U.S. performance lags behind industry averages across upscale, midscale, and budget segments.
Key Takeaways
- 1Choice's U.S. upscale RevPAR grew 1.3% in Q2, trailing the industry average of ~5%.
- 2Midscale segments grew 1.1% versus the 4% industry average, while budget RevPAR fell 0.7%.
- 3Interim CEO Dominic Dragisich has taken over the role to address market share losses and boost performance.
Source: Skift
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