Choice Hotels International Inc - Company Profile
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Business Description
Choice Hotels International Inc (Choice Hotels) is a hotel franchisor in the US. As of December 31, 2022, the company operated 7,847 hotels with 627,804 rooms and had 988 hotels under construction with 94,558 rooms in 50 states, the District of Columbia and more than 50 countries and territories outside of the US. Choice Hotels conducts its international franchise operations through a combination of direct franchising and master franchising relationships. The company classifies its operations into two reportable segments: Hotel Franchising
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Business Segments
Overview
Involves in hotel franchising operations comprising of its 14 brands, including Comfort Suites, Quality, Comfort Inn, Econo Lodge, Clarion Pointe, Clarion, WoodSpring Suites, Sleep Inn, MainStay Suites, Rodeway Inn, Cambria Hotels, Everhome Suites, Suburban Extended Stay Hotel, and Ascend Hotel Collection. Also, conducts international franchise operations through a combination of direct franchising and master franchising relationships in Asia-Pacific, Europe and the Middle East, Latin America, and Canada. Aims at creating franchise system growth by leveraging Choice’s brand popularity, franchise sales capabilities, RevPAR enhancing services and reservation delivery efforts, effective marketing training, and education programs, and technologies and financial strength created by significant free cash flow.
Performance
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Overview
Includes rental income related to owned office building and revenue from vacation rental initiatives. Also the operation and revenue related to the SaaS technology solutions.
Performance
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