The average daily rate at Choice Hotels International properties during the fourth quarter of 2012 increased 2 percent year over year to $73.44, according to the company. ADR was up across all brands except the boutique Ascend Collection. The largest increases came at Choice's extended-stay brands Suburban (6.1 percent) and MainStay (5.2 percent). Overall occupancy increased by 1.2 percentage points to 55.4 percent. The company's net income for the quarter was $24.5 million, compared with $24.8 million in the fourth quarter of 2012.
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
Hyatt Hotels Corp. selected Chuck Floyd to become global president of operations, a new position overseeing all three of Hyatt's regional presidents, effective Aug. 1.... read more »
Extended Stay America plans to pilot an automated revenue management system, Ideas Revenue Solutions, in the third quarter,... read more »