In the fourth quarter, the company launched several initiatives to enhance their digital capabilities, including the implementation of a new customer relationship management system and the release of a new mobile app for guests. In terms of hotel performance, Choice Hotels' domestic system-wide revenue per available room (RevPAR) increased by 2.8% in the fourth quarter.Additionally, the company opened 58 new hotels during the quarter, bringing the total number of hotels in their franchise system to over 7,100.One factor that contributed to Choice Hotels' strong performance was their focus on technology and innovation. The company reported total revenues of $267Ġ million for the quarter, a 5% increase from the previous year.The earnings per share also increased by 14% year over year, from $0.72 to $0.82. Recently released their fourth-quarter earnings, which showed strong performance in several areas. ![]() Welcome to our latest blog post! Today, we’ll be discussing Choice Hotels’ fourth-quarter earnings and what investors should expect from the company’s financial performance.As one of the world’s leading hotel franchisors, Choice Hotels operates numerous well-known brands such as Comfort Inn, Econo Lodge, and Quality Inn.We’ll delve into the factors influencing Choice Hotels’ Q4 performance and their potential implications for investors.So if you’re interested in learning more about how the hotel chain fared in the final months of 2020, keep reading!Overview of Choice Hotels' Q4 EarningsChoice Hotels International, Inc.
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