financeSkift··1 min·For: Owner, Investor, Revenue
Choice Hotels Narrows RevPAR Gap Behind Budget Boost
Choice Hotels beat Wall Street expectations with 3.8% U.S. RevPAR growth in Q3 driven by budget brands, though its upscale segment continues to lag industry benchmarks.
Key Takeaways
- 1U.S. RevPAR increased 3.8% in Q3, outperforming analyst expectations by 1.5 percentage points.
- 2Choice's budget hotels outperformed the industry benchmark, growing RevPAR by 3.5% versus the 2.5% market average.
- 3Performance in upscale and higher-priced tiers continues to trail competitors despite overall gap narrowing.
Source: Skift
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