Q1 2025 Choice Hotels International Inc Earnings Call Transcript
Key Points
- Choice Hotels International Inc (CHH) reported a 4% year-over-year increase in adjusted EBITDA and a 5% increase in adjusted earnings per share for the first quarter of 2025.
- The company achieved a 3% year-over-year net increase in global rooms, with a 4% net increase in more revenue-intense rooms.
- Business travel segment grew 10% year-over-year, driven by both group and business transient travel.
- The company's extended-stay portfolio increased by 19% over the past years, representing half of the total domestic rooms pipeline.
- Choice Hotels International Inc (CHH) expanded its rewards program to over 70 million members, an 8% year-over-year increase, enhancing customer loyalty and direct bookings.
- The company adjusted its full-year 2025 outlook due to a more uncertain macroeconomic backdrop, impacting the lodging industry.
- Domestic RevPAR expectations were revised to a range of negative 1% to positive 1%, reflecting recent trends and macroeconomic uncertainty.
- The pipeline of rooms has ticked down each quarter for the last four quarters, raising concerns about future unit growth.
- April RevPAR performance was down approximately 1% year-over-year when normalizing for the Easter shift and eclipse-related travel impacts.
- The upscale segment showed a decline due to a few properties leaving and newer properties ramping, affecting RevPAR results.
Ladies and gentlemen, thank you for standing by. Welcome to Choice Hotels International's first quarter 2025 earnings call. (Operator instructions)
I'll now turn the conference over to Allie Summers, Investor Relations Senior Director for Choice Hotels.
Good morning, and thank you for joining us today. Before we begin, we would like to remind you that during this conference call, certain predictive or forward-looking statements will be used to assist you in understanding the company and its results.
Actual results may differ materially from those indicated in the forward-looking statements, and you should consult the company's Form 10-Q, 10-K and other SEC filings for information about important factors affecting the company that you should consider. These forward-looking statements speak as of today's date, and we undertake no obligation to publicly update them to reflect subsequent events or circumstances.
You can find a reconciliation of our non
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