Hotels

Earnings call: Choice Hotels posts robust Q1 growth, eyes expansion

September 12, 2024

Choice Hotels (NYSE:) International (NYSE: CHH) has reported a strong start to 2024 with substantial growth in the first quarter, marking a 17% increase in adjusted EBITDA and a 14% rise in adjusted EPS compared to the same period last year.

The company’s success is attributed to the revenue synergies from the integration of Radisson Americas and a robust global pipeline. With significant investments in franchisee systems and a focus on direct online channels, Choice Hotels is optimistic about its long-term growth prospects, including brand expansion and strategic partnerships.

Key Takeaways

  • Adjusted EBITDA rose by 17%, and adjusted EPS increased
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Hotels

Penticton council gives staff a node to look at whether a hotel could be added to convention center – Penticton News

September 9, 2024

City of Penticton staff will be looking into whether a hotel attached to the Penticton Trade and Convention Center is feasible, thanks to a motion from a city councillor.

At Tuesday’s meeting, Coun. Isaac Gilbert asked for a vote on whether to direct staff to report back with an outline of the steps necessary to achieve a hotel for the area as part of the North Gateway Plan.

The area around the PTCC has seen growth, as the city continues to work on development to transform the northwestern tip of Penticton into a vibrant community over

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Hotels

Hyatt begins integrating Mr and Mrs Smith inventory: Travel Weekly

May 11, 2024

A year after announcing its acquisition of Mr & Mrs Smith, Hyatt has begun integrating the boutique hotel platform’s properties into its systems.

Hyatt acquired London-based Mr & Mrs Smith, which bills itself as a “travel club for hotel lovers,” for 53 million British pounds.

Starting April 24, guests are able to search for and book Mr & Mrs Smith properties via Hyatt’s website and mobile app, with World of Hyatt members able to earn and redeem points on Mr & Mrs Smith bookings.

Approximately 700 Mr & Mrs Smith member properties are initially available to book via Hyatt channels,

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