Reports Q2 revenue $427.42M, consensus $418.76M. “Choice Hotels generated record revenues, fueled by our best-in-class hotel conversion and reservation-delivery capabilities as well as our success in integrating Radisson Hotels Americas ahead of schedule,” said Patrick Pacious, president and chief executive officer. “The exceptional speed with which we are able to move conversion projects through the pipeline has driven impressive revenue-intense hotel openings in the first half of 2023 and further strengthened our award-winning brand portfolio, reinforcing our confidence in the company’s ability to drive significant growth in 2023 and beyond.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CHH:
- CHOICE HOTELS INTERNATIONAL REPORTS SECOND QUARTER 2023 RESULTS
- CHH Earnings this Week: How Will it Perform?
- Choice Hotels announces Cvent Instant Book rollout across portfolio
- Choice Hotels price target lowered to $113 from $122 at Wells Fargo
- Choice Hotels price target raised to $122 from $119 at Barclays
