Choice Hotels Q2 2022 RevPAR up 13% vs 2019; net income rises 24% to $106.2M

CHOICE HOTELS INTERNATIONAL INC /DE

2022-Q2 EPS reported $3.08 revenue$625,701,000

Domestic RevPAR grew 13% vs Q2 2019, outperforming industry by 360 bps; 13 consecutive months above 2019 levels.
Awarded 122 new domestic franchise agreements in Q2 2022, a 10% increase from Q2 2021.
Signed agreement to acquire Radisson Hotels Americas for ~$675M, adding ~67,000 rooms; expected to close August 2022.
Net income increased 24% to $106.2M ($1.89 EPS); adjusted EBITDA rose 16% to $129.6M.
Returned $41.6M to shareholders in H1 2022 via dividends ($26.5M) and share repurchases ($15.1M).

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