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