financeasianhospitality.com··1 min·For: Owner, Investor, Revenue, GM
Choice Hotels Raises Full-Year RevPAR Outlook on Q3 Gains
Choice Hotels International boosted its full-year RevPAR growth forecast to 1.5–2.5% following a 3.8% increase in U.S. RevPAR during the third quarter. The company also raised its adjusted EBITDA guidance, supported by double-digit extended-stay growth and the $130 million acquisition of Harvest Hosts.
Key Takeaways
- 1Full-year U.S. and global RevPAR growth forecast upgraded to 1.5%–2.5%.
- 2Extended-stay segment grew 10.7%, marking 13 consecutive quarters of double-digit expansion.
- 3Acquired RV platform Harvest Hosts for $130M while advancing an asset-light strategy with two hotel sales.
Source: asianhospitality.com
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