Articles tagged “choice hotels”

Profitability is one thing, but out-performing 2019 is the genuine sign of a rebound. Choice Hotels is lucky to not have to worry as much about corporate travel and conventions as some of its competitors.

Vrbo was leaving money on the proverbial table by sticking with whole homes. That seems to be changing, but it remains to be seen how far Vrbo will meander into hotels and other inventory types.

Building better roads and airports across the U.S. will help build hotel profits, but not everyone will see an infrastructure windfall. This is largely a boost to brands like Choice and Wyndham — already profitable and not facing the uncertain recovery hurdles that some competitors face with business travel.

Choice Hotels saw occasional bursts of profitability during the pandemic while competitors lost hundreds of millions of dollars. The company doesn’t plan to just stick to its reliable drive-to and leisure travel playbook, however. Expect more upscale hotel deals on the horizon.

Hotel companies with a strong focus on leisure and drive-to properties are going to show the strongest development numbers this cycle, but don't expect a massive downturn in construction from even the more business-oriented brands. Real estate is a long-term play.

The core of travel demand continues to be drive-to and leisure travel. A portfolio that encompasses those two elements fueled Choice Hotels' shocking full-year profit during the middle of a global pandemic.

Wyndham's loss is Choice Hotels' gain in a 15-hotel brand shuffle. But this type of transaction is still falling short of wider industry expectations.

A revival of conventions and major events will help the hotel industry tackle its high unemployment rate, but federal stimulus is needed first while struggling businesses still wait for the virus to get under control.

The secret to Choice Hotels’ relatively quick bounce back from pandemic losses to profitability? Location, location, location.

Billions of dollars in revenue are at stake next year, even once a dire 2020 is out of the way.