Choice Hotels reports 2% revenue growth, 9% EPS increase, and 22% rooms pipeline expansion in Q2 2024.
Choice Hotels reports Q2 2024 financial results, including a 2% rise in total revenues to $435.2m and a 9% increase in diluted EPS to $1.80, compared to Q2 2023. The company's domestic upscale, extended stay, and midscale brands have expanded, with 114,000 rooms in the global rooms pipeline, a 22% increase. Domestic franchise agreements for these brands increased by 8% year-to-date. International portfolios expanded by 1.6% in the number of rooms, with international hotel openings doubling in Q2 compared to 2023.
August 08, 2024
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