Choice Hotels International, Inc. Q2 Results UP Across The Board

Written by Lorimer Wilson

Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, today reported its results for the three months ended June 30, 2017.

About Choice Hotels

Choice Hotels has over 6,500 hotels franchised in more than 40 countries and territories representing more than 500,000 rooms around the globe with an additional 792 in their development pipeline consisting of the following brands: Ascend Hotel Collection®, Cambria® Hotels, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals by Choice Hotels™.

Highlights of the company's second quarter 2017 results are, compared to the prior-year second quarter, as follows:

Overall Results

  • Net income: UP 16% to $45.0 million
  • Adjusted diluted earnings per share: UP 11% to $0.79
  • Total revenues and hotel franchising revenues: UP 14% & 10%, respectively
  • Adjusted EBITDA: UP 15% to $81.1 million
  • Adjusted EBITDA from hotel franchising activities: UP 11% to $84.0 million
  • Adjusted hotel franchising margins: UP 100 basis points to 70.5%


  • Domestic royalty fees: UP 7.2% to $87.0 million
  • Domestic system-wide revenue per available room (RevPAR): UP 2.0%
  • Occupancy and average daily rates: UP 30 basis points and 1.5%, respectively
  • Effective royalty rate: UP 19 basis points
  • Domestic franchised hotels: UP 2.6%
  • Domestic and international rooms: UP 2.2% & 1.8%, respectively


  • New, executed franchised hotel development contracts: UP 20%
  • New construction and conversion franchise agreements increased 33% and 14%, respectively
  • Domestic relicensing and contract renewal transactions: UP 19%
  • Total domestic pipeline of hotels awaiting conversion, under construction or approved for development: UP 22% to 721 hotels, to 523 and 198 hotels, respectively
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