Choice Hotels Had a Rough First Quarter
Choice Hotels reported a disappointing first quarter in 2024, underperforming the U.S. hotel industry despite strong overall demand and high occupancy levels. The company's revenue per available room (RevPAR) declined by 2.3%, contrasting with a nearly 4% industry-wide increase. Although its stock dropped 15% amid the weak results, Choice Hotels noted some positive trends in its development pipeline and brand expansion.
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Hotels Choice Hotels Had a Rough First Quarter Sean O'Neill April 30th, 2026 at 4:55 PM EDT Photo Credit: A model of the "Scenic Dreams" guest room at the Sleep Inn brand, part of Choice Hotels. Choice Hotels Skift Take Why did Choice Hotels underperform against competitors in every type of hotel during the best quarterly demand backdrop in recent memory? play_circle_filled Listen to Story Summarize Story Share WhatsApp LinkedIn X Facebook Email Why did Choice Hotels underperform the U.S. hotel industry in the first quarter of 2024? What does Choice Hotels’ development pipeline look like in terms of higher-revenue brands and extended stay properties? What positive trends did Choice Hotels report despite a weak quarter? Select a question above or ask something else The U.S.
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