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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 17.08.2024 | 11PM
Wed, 23.10.2024       Choice Hotels International
US1699051066

Across the Industry, Choice Has the Fastest Growing Economy Extended Stay Portfolio and Leads in Economy New Construction Extended Stay

Choice's Extended Stay Hotels Help Deliver Returns on Investment and Gross Operating Profit

NORTH BETHESDA, Md., Oct. 23, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH) celebrates a pivotal moment in its growth journey with the opening of its 500th extended stay property, an Everhome Suites in Glendale, Arizona. This achievement underscores Choice's rapid expansion and leadership in the economy and midscale extended stay market, powered by a playbook that helps drive revenue and lowers total cost of ownership with strategic new builds and targeted conversions that meet the increasing demand for accommodations of 7+ nights. Across the hospitality industry, Choice has the fastest-growing economy extended stay portfolio and leads in the economy new construction category, according to August 2024 STR Pipeline Data. As of the end of Q2 2024, Choice had over 350 hotels in the pipeline across four extended stay brands: Everhome Suites, WoodSpring Suites, Suburban Studios, and MainStay Suites.

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