2024-06-09 02:26:55 ET
Summary
- Recent travel surveys suggest that Choice Hotels' actual full-year FY 2024 RevPAR might exceed expectations.
- CHH outlined the company's key growth engines like expanding in foreign markets and venturing into new traveler segments at its shareholders' meeting.
- My Buy rating for CHH stays unchanged following an evaluation of the recent travel surveys' results and the company's shareholder meeting disclosures.
Elevator Pitch
My rating for Choice Hotels International, Inc. ( CHH ) stock is a Buy.
I drew attention to Choice Hotels' corporate developments in my prior March 20, 2024 article . The current write-up focuses on the takeaways from CHH's annual shareholders' meeting and travel surveys....
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Choice Hotels: Positive Read-Throughs From Travel Surveys And Shareholder Meeting