Choice Hotels CEO Sees a Key Revenue Metric Strengthening in the Fourth Quarter

Choice Hotels is outpacing its competitors when it comes to a key revenue metric, and CEO Steve Joyce expects that momentum to continue.
Author:
Publish date:

Choice Hotels (CHH) - Get Report  beat Wall Street estimates for quarterly earnings and revenue in its latest quarter, and it also blew away its rivals on a key metric known as RevPar, or revenue per room. RevPar rose 4.5%, which was the sixth straight month that revenues outpaced the industry. Steve Joyce, the CEO of Choice Hotels, says loyalty programs and special pricing helped drive those results. Joyce says he expects even stronger RevPar growth in the fourth quarter. Joyce is optimistic about business growth heading into 2017, saying the company continues to take market share from its competitors and he expects leisure travel to hold up well.