Choice Hotels Intl (NYSE:CHH) Azioni

Choice Hotels Intl

As of Dec. 31, 2024, Choice Hotels operated 654,000 rooms across the economy, midscale, upscale, and extended-stay segments. Comfort Inn and Comfort Suites are the largest brands (26% of the company's total domestic rooms), while Ascend and Cambria (10% of total domestic rooms) are newer lifestyle and select-service brands. Choice closed on its Radisson acquisition in August 2022, which added about 70,000 rooms. Franchises account for 100% of total revenue, and the United States represent 78% of total rooms in 2024.

Choice Hotels International, Inc. Common Stock

Choice Hotels International Inc

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A 10% decline in Canadian travel may result in 2 million fewer visits and $2.1 billion in <a href="https://www.benzinga.com/general/travel">lost spending to the U.S.</a> 
That&#8217;s according to Goldman Sachs analyst Lizzie Dove, citing <a href="https://www.ustravel.org/press/potential-results-decline-canadian-travel-united-states">data</a> from the U.S. Travel Association. Dove recently conducted a deep dive into Canadian tourist exposure for airlines, cruises, lodging, and theme parks.
Canada, she notes, accounts for 26% of U.S. international tourism. In March — three months after President Donald Trump dissed then-Canadian Prime Minister Justin Trudeau by calling him "governor" and Canada as "the 51st state" — there was an 11% year-over-year decline in tourism. 
A &#8220;pullback in Canadian tourism is the most likely channel to create a modest drag on US GDP,&#8221; Dove wrote. 
In 2024, approximately 20.24 million Canadian tourists visited the U.S., making up over a quarter of international air travel. Mexico followed with around 17 million visitors. 
U.S. airlines have limited exposure to Canadian transborder markets, with United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) having the highest at 1.4% of total flights. 
Carriers like Allegiant Travel Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>), Frontier, Southwest, and Spirit do not operate direct routes to Canada but may still feel demand softness in border cities, said the analyst. 
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Allegiant, for instance, serves U.S. border cities that rely on Canadian travelers, with these routes comprising 1.6% of its 2024 flights.
Florida, California, Nevada, New York, and Texas are top destinations for Canadian tourists, meaning airlines operating heavily in these states could see an impact. 
JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) has 58% of its capacity in key Canadian tourist cities, though a large portion of this is tied to New York, which only accounts for 13% of Canadian visits.
United and Allegiant have recently reported weaker demand from Canadian travelers. In response, United accelerated the retirement of 21 aircraft. 
The overall U.S.-Canada air travel market has seen route cuts at twice the rate of non-Canada flights, with 210 basis points of Canadian growth being slashed since January. 
Allegiant, despite not flying to Canada, reduced flights from Plattsburgh by 20 percentage points due to weaker demand from Canadian travelers, significantly more than the 4.4-point cut to its broader network. However, reductions were smaller in Bellingham and Niagara Falls, at 1.7 and 2.0 points, respectively.
U.S. hotel corporations have minimal exposure to Canadian tourism, despite the high volume of Canadian visitors. Hyatt Hotels Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) has the highest exposure among major hotel chains, while Wyndham Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WH#NYSE">WH</a>) and Choice Hotels International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) are the least affected due to their reliance on drive-to bookings.
Wyndham sees only 1% of its U.S. room bookings from Canadian travelers. Over 90% of guests drive to its hotels. Similarly, Marriott International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) estimates just 1% of U.S. room nights come from Canada. Some 96% of its bookings originate from domestic travelers.
Hyatt, with a stronger focus on luxury and resort properties, derives approximately 2% of its U.S. bookings from Canadian visitors. Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) also sees 1-1.5% of its U.S. room nights booked by Canadians, with 2% of its total rooms located in Canada.
Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) has the highest exposure to Canadian tourism among cruise operators, though overall reliance remains low. 
An estimated 5% of NCLH's revenue comes from Canadian travelers, followed by Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) at 4% and Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) at 3.5%.
Hotel companies rely more heavily on domestic and business travelers, while cruise lines see slightly higher engagement from Canadian tourists.
Florida saw approximately 6 million international visitors in 2023, with around 1.3 million coming from Canada. Theme parks with high international attendance could feel the impact of a decline in Canadian visitors.
Comcast Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Universal theme parks are the most exposed, with around 30% of attendance coming from international tourists. 
Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) typically sees international visitors comprise between the high teens to low 20% of total guests, while United Parks &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRKS#NYSE">PRKS</a>) has lower exposure at around 7%, down from pre-pandemic double-digit levels.
The financial impact extends beyond ticket sales. International visitors tend to spend more on park-related purchases, including hotel stays and in-park amenities, Dove said.
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Choice Hotels shares are moving higher after Redburn Atlantic upgraded the stock from Sell to Neutral.

Redburn Atlantic analyst Alex Brignail upgrades Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) from Sell to Neutral and announces $132 price target.

News

Upgrades

Price Target

Redburn Atlantic Upgrades Choice Hotels Intl to Neutral, Announces $132 Price Target

Truist Securities analyst Patrick Scholes maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Hold and raises the price target from $136 to $144.

Truist Securities Maintains Hold on Choice Hotels Intl, Raises Price Target to $144

Morgan Stanley analyst Stephen Grambling maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Underweight and raises the price target from $131 to $139.

Morgan Stanley Maintains Underweight on Choice Hotels Intl, Raises Price Target to $139

Wells Fargo analyst Daniel Politzer maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Underweight and lowers the price target from $138 to $137.

Wells Fargo Maintains Underweight on Choice Hotels Intl, Lowers Price Target to $137

Susquehanna analyst Christopher Stathoulopoulos maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Neutral and raises the price target from $130 to $155.

Susquehanna Maintains Neutral on Choice Hotels Intl, Raises Price Target to $155

Baird analyst Michael Bellisario maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Outperform and raises the price target from $145 to $160.

Baird Maintains Outperform on Choice Hotels Intl, Raises Price Target to $160

Barclays analyst Anthony Powell maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Underweight and raises the price target from $129 to $132.

Barclays Maintains Underweight on Choice Hotels Intl, Raises Price Target to $132

Choice Hotels Sees FY25 Adjusted EPS Of $6.98-$7.24 Vs. $6.99 Estimate

Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.49 by 4.03 percent. This is a 7.64 percent increase over earnings of $1.44 per share from the same period last year. The company reported quarterly sales of $389.770 million which beat the analyst consensus estimate of $373.522 million by 4.35 percent. This is a 8.75 percent increase over sales of $358.396 million the same period last year.

Earnings

Earnings Beats

Choice Hotels Intl Q4 2024 Adj. EPS $1.55 Beats $1.49 Estimate, Sales $389.770M Beat $373.522M Estimate

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Earnings Scheduled For February 20, 2025

Wells Fargo analyst Dori Kesten maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Underweight and raises the price target from $133 to $138.

Wells Fargo Maintains Underweight on Choice Hotels Intl, Raises Price Target to $138

B of A Securities analyst Shaun Kelley maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Buy and raises the price target from $160 to $165.

B of A Securities Maintains Buy on Choice Hotels Intl, Raises Price Target to $165

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Shares of travel-related companies are trading higher as stocks rise following softer-than-expected December Core CPI data, which could improve concerns regarding inflation.

Morgan Stanley analyst Stephen Grambling downgrades Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) from Equal-Weight to Underweight and lowers the price target from $145 to $129.

Downgrades

Morgan Stanley Downgrades Choice Hotels Intl to Underweight, Lowers Price Target to $129

Jefferies analyst David Katz maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Hold and raises the price target from $150 to $152.

Jefferies Maintains Hold on Choice Hotels Intl, Raises Price Target to $152

Barclays analyst Anthony Powell maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Underweight and raises the price target from $123 to $129.

Barclays Maintains Underweight on Choice Hotels Intl, Raises Price Target to $129

JP Morgan analyst Joseph Greff maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Underweight and raises the price target from $122 to $135.

JP Morgan Maintains Underweight on Choice Hotels Intl, Raises Price Target to $135

Goldman Sachs analyst Lizzie Dove maintains Choice Hotels Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) with a Sell and raises the price target from $118 to $138.

Goldman Sachs Maintains Sell on Choice Hotels Intl, Raises Price Target to $138

Press Releases

Choice Hotels International Celebrates Year of Development Success

Choice Hotels International and Bridge Team Up to Provide Hotel Owners with Access to Affordable Financing Solutions

Campaign Benefitting American Red Cross California Wildfire Relief Efforts Raises Nearly $90,000 from Choice Privileges Points Donations and Choice Hotels International Corporate Matching

Choice Hotels International Reports Fourth Quarter And Full-Year 2024 Results

Dividends

Choice Hotels International Announces Quarterly Cash Dividend

Buckle Up: Choice Privileges Gives Members Bucket List Experiences During the 2025 NASCAR Cup Series Season with Expansion of Trackhouse Sponsorship

Country Inn & Suites by Radisson Achieves Strong Performance Gains

Choice Hotels International Introduces Sharpened Brand Identities and Refreshed Brand Prototypes for Comfort and Country Inn & Suites by Radisson

Clarion Pointe Pipeline Soars with 70th Hotel Opening

Everhome Suites Continues Significant Expansion with Three New Hotel Openings in Huntsville, Chandler, and Temecula

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Choice Hotels Intl

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