Choice Hotels falls after Q1 revenue miss

Choice Hotels International

08/05/2024 15:16

** Shares of hotel franchiser Choice Hotels International
 CHH.N  fall 2% to $119.59
    ** Company's Q1 revenue of $331.9 mln below analysts'
estimate of $343.2 mln - LSEG data
    ** CHH's Q1 revenue per available room (RevPAR), a key
indicator of hotel performance, falls 5.9% over the year ago
    ** Jefferies says company's RevPAR weakness in the limited
service and economy segments should be offset by the
discontinued deal endeavors with Wyndham Hotels
    ** CHH's Q1 adjusted EPS at $1.28 vs analysts' estimate of
$1.14
    ** Stock up 6% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))