Lodging
The average daily rate at Choice Hotels International properties during the third quarter increased to $80.14, up 1.9 percent year over year
the company announced on Thursday. ADR was up across all brands, most significantly in the Ascend Collection (8.2 percent) and MainStay brand (5.1 percent). Choice’s occupancy increased by 0.7 percentage points to 65.7 percent. Net income for the quarter was $41.5 million, down 6 percent from 2012 levels.