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Published on Oct 28, 2016
Choice Hotels beat Wall Street estimates for quarterly earnings and revenue in
its latest quarter, and it also blew away its rivals on a key metric
know as RevPar, or revenue per room. RevPar rose 4.5%, which was the
sixth straight month that revenues outpaced the industry. Steve Joyce,
the CEO of Choice Hotels, says loyalty programs and special pricing
helped drive those results. Joyce says he expects even stronger RevPar
growth in the fourth quarter. Joyce is optimistic about business growth
heading into 2017, saying the company continues to take market share
from its competitors and he expects leisure travel to hold up well.
Vote for Choice Privileges as the Best #Hotel Loyalty Program at USA Today’s @10Best Readers’ Choice Awards: https://t.co/Uw07JhJ831 pic.twitter.com/Exg9KZw3DS— Choice Hotels (@ChoiceHotels) October 18, 2016
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