Choice Hotels International down after Q2 revenue miss

Choice Hotels International

08/08/2024 17:42

** Hotel operator Choice Hotels International's  CHH.N 
shares fall ~2.5% to $120.5
    ** Travel firms have forecast a slowdown in demand for
leisure travel as U.S. consumers wait longer to book vacations
at a time when the economic outlook remains uncertain
    ** Co reported Q2 revenue of ~$435.2 mln, below est of
$438.2 mln; adj EPS of $1.84 vs estimates of $1.86 - LSEG data 
    ** YTD, shares up ~6.5%

 (Reporting by Utkarsh Shetti in Bengaluru)
 ((UtkarshUmesh.Shetti@thomsonreuters.com;))