#3 - Choice Hotels (NYSE:CHH)
Choice Hotels (NYSE:CHH) is one of the hotel chains that is on pace to report a “less bad” revenue shortfalls in 2020. For all of 2019, the company generated just over $1.1 billion in revenue. Through three quarters in 2020, Choice Hotels has reported $580.60 million. If the company’s fourth-quarter revenue comes in similar to the prior quarter, the hotel will come in at somewhere around $800 million or just about 20% lower on a year-over-year.
That’s not great, but it does mean that the hotel chain doesn’t have quite so far to bounce to get back to pre-pandemic revenue levels. Investors seem to agree as shares of CHH stock are now right about at the level they were a year ago.
One of the reasons for this relative strength in revenue comes from the chain’s expansive footprint which covers over 7,000 properties in 41 countries and territories internationally.
About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.
Read More - Current Price
- $118.93
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $129.70 (9.1% Upside)
