Lodging
The average daily rate at Choice Hotels International's U.S. properties during the first quarter increased 1.1 percent year over year to $69.63,
the company reported on Monday. ADR during the quarter increased across all Choice brands except for Clarion and Econo Lodge, both of which were down slightly, and the Ascend Collection, at which ADR declined 8.1 percent to $104.61. Occupancy increased by two percentage points to 47.5 percent. Choice's first-quarter net income was $19 million, up from $15.5 million in the first quarter of 2012