STAYHotel Dive · 1h ago
Choice Hotels cites extended stay as ‘key growth driver’ in Q3
Executive Brief
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Choice Hotels reported a 3.8% year-over-year increase in U.S. revenue per available room for the third quarter. The company identified extended stay accommodations as a primary growth driver fueled by rising infrastructure-related demand.
- 01Domestic RevPAR grew 3.8% year-over-year during the third quarter
- 02Extended stay segments represent a critical strategic growth driver for the company
- 03Infrastructure projects and favorable travel trends supported increased room demand
- 04Executive leadership attributes financial performance to sustained industrial and business travel
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The company saw U.S. RevPAR increase 3.8% YOY in the quarter, driven in part by infrastructure-related demand and other encouraging travel trends, CEO Dom Dragisich said.