Companies · CHH
Choice Hotels
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Latest analysis
Updated Nov 2, 2026
Choice Hotels raises RevPAR and EBITDA guidance after 3.8% US RevPAR growth in Q3 2026, with data-center-proximate hotels outperforming by 400+ bps.
Choice Hotels posted Q3 2026 adjusted EBITDA of approximately $193 million, up 1% year-over-year, with underlying growth of 5% when stripping out the year-over-year decline in liquidated damages revenue. US RevPAR grew 3.8% year-over-year, ahead of expectations and accelerating meaningfully from Q2, driven by occupancy gains with rate beginning to follow; October RevPAR extended that momentum at approximately 7% year-over-year. Management raised full-year adjusted EBITDA guidance to $641-$651 million and full-year US RevPAR growth to 1.5%-2.5%, while signaling a step-down in SG&A and development capital intensity in 2027 as the business returns to asset-light franchising fundamentals.
Tone: bullishRevenue
$1.6B
CHH 10-K · FY 2025
Employees
1,754
Revenue FY2024
$1.6B
Founded
1980
Profile
CHH 10-K Item 1 · Feb 19, 2026Choice Hotels International is primarily a hotel franchisor operating 22 brands across 49 U.S. states and 50 international countries and territories. The company generates revenue predominantly from franchise fees tied to franchisee gross room revenues, supplemented by partnership services, owned hotel operations, and managed hotel fees. Its asset-light model benefits from operating leverage across both RevPAR growth and unit count expansion.
Read filing description ↓ Collapse description ↑
We are primarily a hotel franchisor operating in 49 states, the District of Columbia, and 50 countries and territories. As of December 31, 2025, we had 7,575 hotels with 656,825 rooms open and operating, and 825 hotels with 77,862 rooms under construction, awaiting conversion or approved for development, or committed to future franchise development on outstanding master development agreements (collectively, 'pipeline') in our global system. Our brand names include Clarion, Clarion Pointe, Comfort Inn, Comfort Suites, Country Inn & Suites by Radisson, Sleep Inn, Quality, Park Inn by Radisson, Everhome Suites, WoodSpring Suites, MainStay Suites, Suburban Studios, Radisson Blu, Park Plaza, Cambria Hotels, Ascend Collection, Radisson RED, Radisson Individuals, Radisson, Radisson Collection, Radisson Inn & Suites, Econo Lodge, and Rodeway Inn. The hotel franchising business represents the Company's primary operations. Our Company generates revenues, income, and cash flows primarily from our hotel franchising operations. Revenues are also generated from partnerships with qualified vendors and travel partners that provide value-added solutions to our platform of guests and hotels, hotel ownership, and other ancillary sources. Our Company articulates its mission as a commitment to our franchisees' profitability by providing our franchisees with hotel franchises that strive to generate the highest return on investment of any hotel franchise. We have developed an operating system dedicated to our franchisees' success that focuses on delivering guests to their hotels and reducing hotel operating costs. We believe that executing on our strategic priorities creates value for our shareholders.
Primary products
- Comfort Inn
- Comfort Suites
- Quality Inn
- Sleep Inn
- Clarion
- Clarion Pointe
Business segments
End markets
Geographies
Named customers
Named competitors
“We believe that our focus on core business strategies, combined with our financial strength and size, geographic diversity, scale, and distribution, will enable us to remain competitive in the lodging industry.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues increased modestly from $1.585 billion in 2024 to $1.597 billion in 2025, driven by growth in partnership services and fees, owned hotels revenue, and other revenues, partially offset by lower revenue for reimbursable costs.
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