Choice Hotels International Inc, a leading global lodging franchisor, has announced a remarkable first quarter for its Canadian operations, marking the strongest growth in over a decade. Following the company's acquisition last year and transition to a direct franchising model, the Canadian business has achieved a 34% year-on-year net room growth, the highest first-quarter hotel opening volume since 2010.
The company reported a revenue increase of over 20% year-on-year, alongside a 52% rise in Revenue Per Available Room (RevPAR) on a currency-neutral basis. This growth was driven by improvements in both occupancy and average daily rate. Additionally, the pipeline of rooms expanded by 55% year-on-year, reflecting sustained development momentum and the benefits of expanding Choice Hotels' branded portfolio in Canada.
Pat Pacious, President and CEO of Choice Hotels International, stated, "The outstanding performance we're achieving in Canada reflects our confidence in this market and the strong execution of our team and franchisees driving it forward." He emphasised the significant opportunity for continued growth in the region.
Brian Leon, CEO of Choice Hotels Canada, expressed pride in the team's efforts during this transformative period. "The strength of our franchisee community paired with our local team and the support and scale of Choice Hotels International positions us exceptionally well to continue to build momentum and grow," he said.
The successful transition to a direct franchising model in Canada sets a strong foundation for further growth, focusing on enhancing hotel performance, expanding upscale and extended stay presence, and building a robust development pipeline
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