Choice Hotels Q1 Revenue Jumps to $352M

Ticker: CHH · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z

Sentiment: bullish

Topics: earnings, revenue-growth, hospitality

TL;DR

CHOICE HOTELS Q1 REVENUE UP TO $352M FROM $281M YOY

AI Summary

Choice Hotels International Inc. reported its first quarter 2024 results, with total revenue reaching $352 million, an increase from $281 million in the same period of 2023. The company's revenue streams include Royalty, Licensing and Management Fees, Initial Franchise Fees, Platform and Procurement Services, Owned Hotels, and Other Revenue. Specific figures for these segments were not detailed in the provided snippet, but the overall revenue growth indicates a positive trend for the company.

Why It Matters

This filing shows Choice Hotels' financial performance in early 2024, indicating revenue growth which could impact investor confidence and its market position.

Risk Assessment

Risk Level: low — The provided snippet is a standard 10-Q filing summary and does not contain information indicating significant new risks.

Key Numbers

Key Players & Entities

FAQ

What were the specific revenue figures for Royalty, Licensing and Management Fees in Q1 2024?

The provided snippet does not detail specific revenue figures for Royalty, Licensing and Management Fees for Q1 2024, only the aggregate total revenue.

What is the company's primary business segment based on the SIC code?

The company's Standard Industrial Classification (SIC) code is 7011, which corresponds to Hotels & Motels.

What was the date of the last name change for Choice Hotels International Inc.?

The last name change for Choice Hotels International Inc. was on November 18, 1997.

What is the fiscal year end for Choice Hotels International Inc.?

The fiscal year end for Choice Hotels International Inc. is December 31.

What is the filing date of this 10-Q report?

This 10-Q report was filed on May 8, 2024.

From the Filing

0001046311-24-000022.txt : 20240508 0001046311-24-000022.hdr.sgml : 20240508 20240508135602 ACCESSION NUMBER: 0001046311-24-000022 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 74 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC /DE CENTRAL INDEX KEY: 0001046311 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 521209792 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13393 FILM NUMBER: 24925229 BUSINESS ADDRESS: STREET 1: 915 MEETING STREET STREET 2: SUITE 600 CITY: NORTH BETHESDA STATE: MD ZIP: 20852 BUSINESS PHONE: 3015925000 MAIL ADDRESS: STREET 1: 915 MEETING STREET STREET 2: SUITE 600 CITY: NORTH BETHESDA STATE: MD ZIP: 20852 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS FRANCHISING INC DATE OF NAME CHANGE: 19971118 FORMER COMPANY: FORMER CONFORMED NAME: CHOICE HOTELS INTERNATIONAL INC/ DATE OF NAME CHANGE: 19971022 10-Q 1 chh-20240331.htm 10-Q chh-20240331 CHOICE HOTELS INTERNATIONAL INC /DE 0001046311 12/31 2024 Q1 FALSE 281 352 716 460 xbrli:shares iso4217:USD iso4217:USD xbrli:shares chh:loan xbrli:pure chh:brand chh:hotel 0001046311 2024-01-01 2024-03-31 0001046311 2024-04-30 0001046311 chh:RoyaltyLicensingAndManagementFeesMember 2024-01-01 2024-03-31 0001046311 chh:RoyaltyLicensingAndManagementFeesMember 2023-01-01 2023-03-31 0001046311 chh:InitialFranchiseFeesMember 2024-01-01 2024-03-31 0001046311 chh:InitialFranchiseFeesMember 2023-01-01 2023-03-31 0001046311 chh:PlatformAndProcurementServicesMember 2024-01-01 2024-03-31 0001046311 chh:PlatformAndProcurementServicesMember 2023-01-01 2023-03-31 0001046311 chh:OwnedHotelsMember 2024-01-01 2024-03-31 0001046311 chh:OwnedHotelsMember 2023-01-01 2023-03-31 0001046311 chh:OtherRevenueTopic606AndNotTopic606Member 2024-01-01 2024-03-31 0001046311 chh:OtherRevenueTopic606AndNotTopic606Member 2023-01-01 2023-03-31 0001046311 chh:OtherRevenuesFromFranchisedAndManagedPropertiesMember 2024-01-01 2024-03-31 0001046311 chh:OtherRevenuesFromFranchisedAndManagedPropertiesMember 2023-01-01 2023-03-31 0001046311 2023-01-01 2023-03-31 0001046311 2024-03-31 0001046311 2023-12-31 0001046311 2022-12-31 0001046311 2023-03-31 0001046311 us-gaap:CommonStockMember 2022-12-31 0001046311 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001046311 us-gaap:TreasuryStockCommonMember 2022-12-31 0001046311 us-gaap:RetainedEarningsMember 2022-12-31 0001046311 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001046311 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001046311 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001046311 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0001046311 us-gaap:CommonStockMember 2023-03-31 0001046311 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001046311 us-gaap:TreasuryStockCommonMember 2023-03-31 0001046311 us-gaap:RetainedEarningsMember 2023-03-31 0001046311 us-gaap:CommonStockMember 2023-12-31 0001046311 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001046311 us-gaap:TreasuryStockCommonMember 2023-12-31 0001046311 us-gaap:RetainedEarningsMember 2023-12-31 0001046311 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001046311 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001046311 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001046311 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001046311 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001046311 us-gaap:CommonStockMember 2024-03-31 0001046311 us-gaa

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