Reports Q4 revenue $361.98M, consensus $348.95M. "2022 was a landmark year for Choice Hotels, in which we drove step function growth with adjusted EBITDA surpassing 2019 levels by 28%. We generated significant organic growth over 2021 and acquired the Radisson Hotels Americas brands in August, which has accelerated our long-term growth potential," said Patrick Pacious, president and chief executive officer. "Our distinct strategy of growing our brand portfolio with hotels that generate higher royalties per unit is driving impressive results. The new capabilities we have built to improve the profitability of each franchisee have resulted in three straight years of RevPAR growth that exceeded the industry, strengthening our competitive position and creating additional runway for growth in 2023 and beyond."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CHH:
- Choice Hotels International Reports 2022 Fourth Quarter and Full-Year Results
- Choice Hotels, Wells Fargo, MasterCard to launch new cobranded credit card
- Jefferies lodging/leisure analyst holds analyst/industry conference call
- After a Year of Growth Across Multiple Segments, Choice Hotels is the Challenger Brand in Upscale and Growth Leader in Extended Stay
