Growth was the name of the game in the first quarter for Choice Hotels International, with increases in portfolio size, pipeline, RevPAR index and more.
The company’s upbeat Q1 earnings call pointed out steady improvement during the quarter and expected strong performance throughout the rest of the year.
"The strategic decisions we have made in recent years and our targeted actions amid the pandemic to support our franchisees drove impressive first quarter results that position the company to further capitalize on growth opportunities in 2021 and beyond," said Patrick Pacious, president and CEO.
"Our results are a testament to the success of our long-term growth strategy to invest in brands built for the customer of tomorrow. We believe our high-quality, well-segmented brand portfolio, compelling franchisee value proposition and the continued expansion of our travel platform, combined with our strong balance sheet, will allow us to continue to grow our share of travel demand in the years to come."