The average daily rate at Choice Hotels International properties during the fourth quarter of 2012 increased 2 percent year over year to $73.44, - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

February 13, 2013 - 10:30 AM ET

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

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Marriott International will provide free standard Wi-Fi in more than 3,800 hotels to all Marriott Rewards members who book through Marriott channels,... read more »
Accor between 2014 and 2018 will invest about $284 million in a "digital strategy"... read more »
Kempinski Hotels on Thursday announced CEO Reto Wittwer has retired, effective immediately,... read more »
Hilton Worldwide signed an exclusive license agreement with Plateno Hotels Group,... read more »
InterContinental Hotels Group on Monday unveiled a new Crowne Plaza Hotels and Resorts guest-room design.... read more »
Red Lion Hotels Corp. Wednesday launched Hotel RL,... read more »
Hilton Worldwide on Wednesday launched a new "lifestyle" brand, Canopy by Hilton.... read more »
Best Western International on Thursday announced two new brands: an urban "lifestyle" hotel and a soft brand of upper-tier properties.... read more »
Hilton Worldwide is selling the Waldorf Astoria New York for $1.95 billion to Beijing-based Anbang Insurance Group Co.,... read more »
Marriott International and subsidiary Marriott Hotel Services will pay $600,000 to settle a U.S. Federal Communications Commission dispute... read more »
Corporate housing supplier Furnished Quarters reported that revenue from June through August increased 30 percent since the same period in 2012.... read more »