Choice Hotels' Development Supports Brand Advantage Amid Near-Term Top-Line Headwinds
Narrow-moat Choice Hotels' 0.7% decline in U.S. revenue per available room missed its flat guidance, as more Comfort hotels were under renovation than expected (a surprise, given the visibility on location updates). Excluding renovation and expected government shutdown and tough year-ago comparison headwinds, Choice’s revPAR grew around 1%, closer to the 1% lift narrow-moat peer Wyndham reported. As a result, Choice lowered its 2019 U.S. revPAR forecast to 0%-1% from 0.5%-2% versus our 1.2% esti...Choice Hotels International is a hotel franchisor. The company franchises lodging properties under the following proprietary brand names: Comfort Inn?, Comfort Suites?, Quality?, Clarion?, Clarion Pointe?, Sleep Inn?, Econo Lodge?, Rodeway Inn?, MainStay Suites?, Suburban Extended Stay Hotel?, WoodSpring Suites?, Cambria? Hotels, and Ascend Hotel Collection?. The company's primary segment is the hotel franchising business. The company's domestic franchising operations are conducted through direct franchising relationships while its international franchise operations are conducted through a combination of direct franchising and master franchising relationships.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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