Skip to content

Search

Human content, AI powered search.

Latest Stories

Choice to announce second quarter earnings on Aug. 6

The call should illuminate the impact of the COVID-19 pandemic during the first half of the year

Ed Brock
By Ed BrockJul 16, 2020
Ed Brock
Ed Brock is an award-winning journalist who has worked for various U.S. newspapers and magazines, including with American City & County magazine, a national publication based in Atlanta focused on city and county government issues. He is currently assistant editor at Asian Hospitality magazine, the top U.S. publication for Asian American hoteliers. Originally from Mobile, Alabama, Ed began his career in journalism in the early 1990s as a reporter for a chain of weekly newspapers in Baldwin County, Alabama. After a stint teaching English in Japan, Ed returned to the U.S. and moved to the Atlanta area where he returned to journalism, coming to work at Asian Hospitality in 2016.
See Full Bio
Follow:

CHOICE HOTELS INTERNATIONAL will announce its second quarter earnings on Aug. 6. That quarter saw the COVID-19 pandemic hit full swing and Choice has seen mixed results during that crisis.

The second quarter results will be released prior to the market opening Thursday. A conference call with Patrick Pacious, president and CEO, and Dominic Dragisich, CFO will be held at 11:30 a.m. ET. There also will be a live webcast on the company’s investor relations website and a recording of the earnings call will be available by 3 p.m. ET the day of the call.

Earlier in July, Choice announced that, because of reduced consumer demand during the pandemic it would lay off U.S. corporate employees who had previously been furloughed. The number of employees was not made clear by the company, but it has reduced its global workforce by more than 20 percent through a combination of layoffs and furloughs since the beginning of the first quarter, including the most recent layoffs.

A hiring freeze remains in place for all non-critical positions globally, one of several steps the company took in early April to compensate for losses stemming from the COVID-19 downturn. Other steps included wage reductions for executive staff and cuts in discretionary capital expenditures.

“Given the broad-based uncertainty of the current environment, we have taken decisive actions over the past several weeks to position the company for changing market dynamics and enhanced our financial flexibility to sustain the long-term health of the business,” Pacious said at the time.

The second quarter has not been all bad news for the company. In June it reported that its extended-stay brands, WoodSpring Suites and Suburban Extended Stay in the economy segment, MainStay Suites and Everhome Suites in midscale, were seeing higher occupancy than the rest of the industry during the pandemic.

Also in the second quarter, a group of at least 60 Choice franchisees filed a lawsuit leveling serious accusations against the company. They include an allegation that the company exercises racial bias against Indian American owners.

teleconferencewebcastsecond quarterchoice hotelsresults

Related News

Peachtree Group loan
Industry News

Peachtree backs $42M loan for AFC deal

ESA Launches Client Connect: All-in-One Business Travel Hub
Industry News

ESA launches ‘Client Connect’ for business travel

Trump’s Proposed Visa Fee Threatens Seasonal Hospitality Workforce
Industry News

Report: Trump visa fee sparks summer staffing fears

Wyndham & Grubhub Offer Free Delivery to Guests & Staff
Industry News

Wyndham, Grubhub offer free delivery to guests, staff

More for you

U.S. Hotel Construction Hits 20-Quarter Low in June

CoStar: Hotel construction drops in June

Summary:

  • U.S. hotel rooms under construction fell year over year for the sixth straight month in June, hitting a 20-quarter low, CoStar reported.
  • About 138,922 rooms were under construction, down 11.9 percent from June 2024; the luxury segment had 6,443 rooms, up 4.1 percent year over year.
  • Lodging Econometrics recently said Dallas led all U.S. markets in hotel construction pipelines at the end of the first quarter, with 203 projects and 24,496 rooms.

THE NUMBER OF U.S. hotel rooms under construction declined year over year for the sixth straight month in June, reaching a 20-quarter low, according to CoStar. Additionally, more than half of all rooms under development are in the South, mostly outside the top 25 markets.

Keep ReadingShow less
Chart showing decline in U.S. extended-stay hotel occupancy and RevPAR in May 2025

Report: May fifth month for drop in extended-stay occupancy

Summary:

  • Extended-stay occupancy fell 2.2 percent in May, the fifth straight monthly decline; ADR and RevPAR also dropped for a second consecutive month.
  • May marked 44 straight months of supply growth for the segment at 4 percent or less, with annual growth below the 4.9 percent long-term average.
  • Extended-stay room revenues rose 0.5 percent, while total industry revenue grew 0.9 percent, led by segments with little extended-stay supply.

EXTENDED-STAY HOTEL occupancy fell 2.2 percent in May, the fifth consecutive monthly decline, exceeding the 0.7 percent drop reported for all hotels by STR/CoStar, according to The Highland Group. Extended-stay occupancy was 10.5 percentage points above the total hotel industry, at the lower end of the long-term average premium range.

Keep ReadingShow less
Auro Hotels Showcases India Culture at TCMU Exhibit

Auro unveils 'India Cultural Corner' for children

Summary:

  • Auro Hotels opened the India Cultural Corner, where children can check in and explore Indian culture at The Children's Museum of the Upstate.
  • Families can engage with community art, activities and storytelling about daily life in India.
  • The exhibit runs through May 2026, offering interactive learning on Indian culture.

AURO HOTELS RECENTLY opened the India Cultural Corner at The Children's Museum of the Upstate in Greenville, South Carolina, offering a look into Indian stories for American families. The exhibition, held at The Grand Geo Hotel and running through May 2026, includes a hotel desk where children can check in and explore Indian culture through interactive activities.

Keep ReadingShow less
U.S. Firms Lose $2.4 Trillion by Skimping on Business Travel

Report: Business travel gaps cost U.S. firms $2.4T

Summary:

  • U.S. companies risk losing more than $2.4 trillion in sales due to underinvestment in business travel, says GBTA.
  • An 8.3 percent T&E increase could drive a 6 percent sales gain, despite post-COVID virtual meeting tools.
  • Current T&E spending is $294 billion—$24 billion short of the $319.1 billion needed for peak profitability.

U.S. COMPANIES ARE missing more than $2.4 trillion in potential sales due to underinvestment in business travel, according to a Global Business Travel Association report. Despite a post-pandemic rebound, travel and entertainment spending remains $66 billion below 2019 levels.

Keep ReadingShow less
AI threats in hospitality

Study: Cyberattacks on hotels to surge

Summary:

  • Around 66 percent of hotel IT and security executives expect more cyberattacks this summer, and 50 percent anticipate greater severity, according to VikingCloud.
  • Guest-facing systems most at risk include POS and payment technology at 72 percent, guest WiFi at 56 percent and front desk systems at 34 percent.
  • About 48 percent of executives lack confidence in their staff’s ability to detect and respond to AI-driven attacks and deepfakes.

APPROXIMATELY 66 PERCENT of hotel IT and security executives expect an increase in cyberattack frequency and 50 percent anticipate greater severity during the summer travel season, according to cybersecurity firm VikingCloud. In summer 2024, 82 percent of North American hotels experienced a cyberattack and 58 percent were targeted five or more times.

Keep ReadingShow less
Asian Hospitality Logo
© Copyright 2025