February 22, 2012 - 11:55 AM ET

The average daily rate at Choice Hotels International properties increased by 2.7 percent year over year during the fourth quarter of 2011. Average rates during the quarter were up at least 2 percent at all Choice brands except Clarion and Econo Lodge, which increased by less, and the Ascend Collection, where rates decreased by 4.3 percent. Occupancy increased by 2.6 percentage points to 54.2 percent and was up across all Choice brands. Net income for the quarter was $24.8 million, up 3 percent from the prior year.