Choice Hotels International

Under new CEO Dom Dragisich, Choice Hotels is prioritizing net room growth, raised its annual forecast to 1.5% and is targeting 2–4% long term. Adjusted EBITDA rose sharply, according to management, and the company plans capital recycling with roughly $650 million of available assets as well as $200 million in share buybacks. Technology and AI (including the assistant CHARLIE) are intended to bolster distribution, customer loyalty and operational efficiency. Portfolio pruning, planned disposals in H1 2027 and a target leverage ratio of 3–4x remain central elements of capital allocation. » More on de.investing.com

Choice Hotels reported adjusted earnings per share of $2.02 for Q2 (expectation $1.96) and revenue of $441 million (expectation $429.71 million). The company raised its full-year guidance and now expects adjusted EBITDA of $635–650 million and adjusted EPS of $6.86–7.10. Net room growth improved, US RevPAR and global RevPAR rose slightly, and management cites AI tools, conversions and the loyalty program as drivers of franchise efficiency. The stock reacted premarket with a roughly 4.4% gain; share buybacks of $175–225 million are planned. » More on de.investing.com

Shareholders of Choice Hotels approved an amendment to the certificate of incorporation that raises the size of the board from previously three to twelve members to five to fifteen members going forward. The company filed the amendment in Delaware and amended its bylaws, which took effect on Thursday. Shareholders also elected eleven directors to one-year terms and reappointed Ernst & Young as independent auditors. » More on de.investing.com