earnings
confidence high
sentiment positive
materiality 0.80
Choice Hotels Q3 RevPAR +11.4% vs 2019; net income $116.7M, EPS $2.08
CHOICE HOTELS INTERNATIONAL INC /DE
2021-Q3 EPS reported
$4.01
revenue$784,660,000
- Domestic systemwide RevPAR up 11.4% vs Q3 2019; ADR +8.8%, occupancy +150 bps.
- Net income $116.7M (EPS $2.08), up 53% vs Q3 2019; adjusted EPS $1.51.
- Total revenues $323.4M (+4% vs 2019); domestic royalties $123M (+14% vs 2019).
- Awarded 89 domestic franchise agreements in Q3 (+10% YoY); extended-stay pipeline ~310 hotels.
- Full-year 2021 adjusted EBITDA guidance raised to $382M-$387M (exceeds 2019 levels).