Choice Q4 RevPAR Rose 4.2%
Wednesday February 13th, 2013 - 7:41AM X
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SILVER SPRING, MD–Choice Hotels International fourth quarter 2012 domestic RevPAR increased 4.2%, compared to the same period in 2011.
The company executed 214 new domestic hotel franchises in the quarter, an increase of 67% over the same period in the previous year.
During the quarter, the company reached an agreement with Colony Capital, LLC, and Aimbridge Hospitality to convert 46 properties, formerly operated as Jameson Inns, to Choice's Quality inn, Comfort Inn and Econo Lodge brands. The deal represents Choice's largest single conversion transaction, excluding brand acquisitions.
Tags: • Hospitality • Quarterly Results •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.