Monday, April 29, 6:59 AM
President Obama is expected to sign a bill sometime today to give the FAA ability to end its furlough of 13K air traffic controllers. Typos delayed delivery of the bill to the White House. Airline stocks (FAA) and hotel stocks (CHH, CTRP, H, HOT, IHG, MAR, WYN) are viewed by analysts as getting a boost from the return to normalcy in the travel industry.
Comment![Consumer, U.S. Economy]
Friday, April 26, 3:54 PMChoice Hotels International, Inc. (CHH) declares $0.185/share quarterly dividend, in line with previous. Forward yield 1.63%. For shareholders of record July 01. Payable July 15. Ex-div date June 27. (PR)
Thursday, April 25, 9:49 AM
Hotel company lobbyists are in Washington to protest the impact of the furlough of FAA employees on the industry and voice its opinion on immigration bills. The sector is particularly concerned with keeping up its momentum with business travel as the industry has seen RevPAR (revenue per available room) start to move in the right direction. Lodging stocks: CHH, CTRP, H, HOT, IHG, MAR, WYN.
Wednesday, February 13, 9:17 AMChoice Hotels International, Inc. (CHH) declares $0.185/share quarterly dividend, in line with previous. Forward yield 2.01%. For shareholders of record Apr. 02. Payable Apr. 16. Ex-div date Mar. 29. (PR)
Wednesday, December 5, 2012, 4:45 PMChoice Hotels International (CHH) declares $0.185/share quarterly dividend, in line with previous. Forward yield 2.28%. For shareholders of record Dec. 18. Payable Dec. 27. Ex-div date Dec. 14. (PR)
Tuesday, December 4, 2012, 10:31 AM
Hotel hunting: China's Dalian Wanda Group is in talks with major hotel chains in the U.S. over buying and building more hotels in North America. Chairman Wang Jianlin didn't disclose which hotel companies he is in discussions with, but noted investing in areas such as Kansas or Iowa that need capital is something Chinese companies should look at.
Wednesday, October 24, 2012, 6:15 PMChoice Hotels International (CHH): Q3 EPS of $0.76 beats by $0.13. Revenue of $210.4M (+9% Y/Y) beats by $8M. (PR)
Friday, September 14, 2012, 4:08 PMChoice Hotels International (CHH) declares $0.185/share quarterly dividend, in line with previous. Forward yield 2.28%. For shareholders of record Oct 02. Payable Oct 12. Ex-div date Sep 27. (PR)
Monday, August 6, 2012, 1:01 PM
Hotel stocks could see a boost as the industry's occupancy rate now exceeds 75% for the first time since 2007 with a 3.3 percentage point increase over the last year to 75.1%. The 4-week average is also closing in on a level not seen since the recession. Another key metric, revenue per available room, increased 8.2% Y/Y to $81.80. Sector watch: HOT, MAR, IHG, CG, WYN, CHH, HMIN, RLH, H.
Thursday, July 26, 2012, 8:26 PMChoice Hotels (CHH) declares special cash dividend of $10.41/share. For shareholders of record Aug. 20. Payable Aug. 23. The special dividend will be paid from proceeds of its recent offering of 5.750% senior notes and its new senior secured credit facility. (PR)
Thursday, July 26, 2012, 6:46 PMChoice Hotels (CHH): Q2 EPS of $0.55 beats by $0.03. Revenue of $173.6M (+5% Y/Y) beats by $6.9M. (PR)
Wednesday, June 20, 2012, 6:47 AM
Choice Hotels International (CHH) announces that it intends to offer $400M in senior notes due in 2022. The action is likely related to its plan to pay out a special $600M cash dividend to shareholders later this year.
Monday, June 4, 2012, 9:41 AM
Hotel rates for business travelers rose 9.3% Y/Y in April to approach pre-recession levels in North America, while rates for leisure travelers also recorded a respectable 7.3% gain. Industry research suggests that the rate increases haven't run their course yet, tipping off that hotel players such as MAR, WYN, H, IHG, CHH, and HOT could see revenue upside.
Thursday, April 26, 2012, 5:22 PMChoice Hotels International (CHH): Q1 EPS of $0.34 beats by $0.03. Revenue of $129.1M (+12.2% Y/Y) beats by $6M. (PR)
Tuesday, February 21, 2012, 2:09 PM
Choice Hotels (CHH +3.8%) says growth in domestic revenue per available room rose 7.8% in Q4 and current-quarter growth continues to trend in the high single-digits, as the hotel chain forecasts 2012 profits above consensus. "We believe recent employment gains in the U.S. bode well for leisure demand," CEO Steve Joyce adds during the conference call.
Comment![Consumer, On the Move]