Choice Hotels (CHH) Reinstates $0.225 Quarterly Dividend; Approves Buyback Plan
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Choice Hotels (CHH) Misses Q1 EPS by 3c, Revenues Miss
May 10, 2021 8:04 AM EDTChoice Hotels (NYSE: CHH) reported Q1 EPS of $0.57, $0.03 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $182.95 million versus the consensus estimate of $200.24 million.
Highlights of first quarter and year-to-date 2021 results include:1
Domestic systemwide revenue per available room (RevPAR) change outperformed the total industry by 23 percentage points, declining 18.7% and 4.4% for first quarter 2021 compared to the same periods of 2019 and 2020, respectively.The company's performance has continued the trend of sequential domestic systemwide RevPAR change improvement, with April 2021 RevPAR declining approximately 4.2% versus... More