Procurement
The average daily rate at Choice Hotels International properties during the second quarter increased 2.9 percent year over year to $77.92,
the company reported Friday. ADR increased across all Choice brands except the Ascend Collection, at which ADR declined 1.6 percent to $122.07. The largest percentage ADR increases were at the Suburban (up 6.2 percent to $45.72) and MainStay (up 4.6 percent to $76.33) brands. Choice's occupancy increased 2.8 percentage points to 63 percent during the quarter. Net income for the quarter was $35.4 million, up from $31.8 million in the second quarter of 2013.