earnings
confidence high
sentiment positive
materiality 0.80
Choice Hotels reports record 2021 net income $289M, adjusted EBITDA $403.6M; RevPAR beats 2019 levels
CHOICE HOTELS INTERNATIONAL INC /DE
2021-FY EPS reported
$5.15
revenue$1,069,298,000
- Full-year 2021 net income $289M ($5.15 diluted EPS), a company record; adjusted EBITDA $403.6M, margin 74.7% (520 bps increase vs 2019).
- Domestic systemwide RevPAR growth +2.2% vs 2019, exceeding guidance by 120 bps; Q4 RevPAR +13.9% vs 2019.
- Full-year domestic franchise agreements up 24% YoY; awarded 528 agreements, 83% for upscale/midscale/extended-stay.
- Quarterly dividend increased 6% to $0.2375 per share effective Jan 2022; expects $53M dividends in 2022.
- Extended-stay portfolio reached 474 hotels; pipeline over 340 hotels; Q4 extended-stay RevPAR +24.7% vs 2019.