Choice Hotels International ( (CHH) ) has released its Q4 earnings. Here is a breakdown of the information Choice Hotels International presented to its investors.
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Choice Hotels International, Inc., a prominent global lodging franchisor, manages a diverse portfolio of hotel brands ranging from upscale to economy, catering to various traveler needs worldwide. In its latest earnings report, the company exceeded its earnings guidance for 2024, showcasing a robust financial performance with a significant increase in net income and earnings per share. The company reported a 16% rise in net income to $299.7 million, with a diluted EPS increase of 22% to $6.20. Adjusted EBITDA reached a record $604.1 million, reflecting a 12% growth. Additionally, Choice Hotels expanded its global net rooms system size by 3.3%, with notable growth in its domestic portfolio. The company also formed a strategic partnership with Westgate Resorts, enhancing its domestic offerings and expanding its rewards program reach. Moving forward, Choice Hotels aims for continued growth, leveraging its brand relaunches, strategic partnerships, and international expansion to drive further success. The management anticipates sustained earnings growth through strategic investments and scaling its operations in the coming years.
