Choice Hotels (NYSE:) International, Inc. (NYSE: CHH) reported a strong financial performance in its third-quarter 2024 earnings call, with significant growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and earnings per share (EPS). The company raised its full-year guidance for adjusted net income and EPS, citing a 10% expected growth in adjusted EBITDA. Notably, the global hotel pipeline expanded to over 110,000 rooms, marking an 11% year-over-year increase. The company opened 75% more hotels globally compared to Q3 2023 and saw a 1.8% net increase in global rooms in more revenue-intensive brands.
Key Takeaways
- Adjusted EBITDA increased by 14% and adjusted EPS by 23% year-over-year.
- Full-year…