Choice Hotels' Q3 profit increases 4.9%

By Danny King
Choice Hotels International's third-quarter profit rose 4.9% from a year earlier, as the franchiser experienced strong demand growth for its Ascend Collection upscale badge and its Clarion midscale brand.

U.S. revenue per available room (RevPAR) advanced 5.6% from a year earlier on a 1.8 percentage-point increase in occupancy rates and a 2.7% rise in average room rate.

RevPAR at its Ascend Collection and its Clarion chains both increased more than 8% from a year earlier, while its Sleep Inn chain's RevPAR was up 7%. Choice Hotels' flagship Comfort Inn had a RevPAR increase of 5.4%.

Overall, net income rose to $44.4 million from $42.3 million a year earlier, while revenue increased 9.4% to $210.4 million.

Follow Danny King on Twitter @dktravelweekly.
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