NORTH BETHESDA, Maryland—Choice Hotels International, Inc. shared one other 12 months of improvement updates throughout key manufacturers and a number of segments in 2024.

“Alternative Accommodations ran by way of the end line in 2024, and we’re decided to construct on that robust momentum within the coming 12 months,” mentioned Alternative Accommodations Worldwide President and CEO Patrick Pacious. “Our distinctive revenue-intense development technique and unyielding give attention to driving our homeowners’ income up and their prices down will proceed to energy the longer term for Alternative and our lodge homeowners—and that future is vibrant.”

Prolonged Keep

Within the extended-stay phase, Alternative matched its earlier annual document with a complete of 61 lodge openings, highlighted by the opening of its five hundredth extended-stay property in October. That development included the opening of 25 WoodSpring Suites and 6 Everhome Suites resorts—each data for the respective new-construction manufacturers—in addition to 16 MainStay Suites and 14 Suburban Studios properties. WoodSpring accounted for 70 % of all new resorts below building and 65 % of all 2024 floor breaks within the phase, as of November.

Upscale

Within the upscale phase, the corporate opened 27 new resorts, together with 18 Ascend Resort Assortment properties, an 80 % year-over-year improve for the model, in addition to seven Cambria Accommodations and a pair of recent Radisson properties. The brand new upscale resorts embody The Quincy, Ascend Resort Assortment, in Washington, D.C.; the Cambria Resort Niagara Falls in New York; and the Radisson Fairview Heights – St. Louis in Illinois. In its first full 12 months since Alternative’s integration of the Radisson Americas manufacturers in 2023, the upscale Radisson model noticed a virtually 7.5 % year-over-year improve in RevPAR.

Midscale

In midscale, the corporate opened 41 High quality Inn resorts in a 12 months the place the model celebrated its eighty fifth anniversary. Alternative additionally drove improvement development throughout its upper-midscale portfolio, with 26 openings for its flagship Consolation model and 6 for Nation Inn & Suites by Radisson. Alternative continued the worth proposition supplied by Nation Inn & Suites in 2024, driving a 19-point improve in RevPAR Index, a 20 % improve in direct on-line contribution, and a ten % improve in income from the International Gross sales workforce, year-over-year.

Conversions

Alternative crops to capitalize on its conversion functionality, which allows the corporate to maneuver properties by way of its improvement pipeline.

“Trade projections present that lodge demand development will proceed to outpace provide development this 12 months and in 2026,” defined Dominic Dragisich, government vp for operations and chief world model officer, Alternative Accommodations Worldwide. “That’s the kind of surroundings through which our unmatched lodge conversion functionality actually shines. Our potential to effectively convert present resorts into Alternative-branded properties is a core competency that can proceed to assist gasoline the expansion of our world portfolio in 2025 and past.”

Extra highlights from 2024 and early 2025 embody:

• Relaunching Radisson People as an higher upscale delicate model to enrich the Ascend Resort Assortment and relaunching Radisson Blu and Radisson with new guestroom design packages. Earlier this month, the corporate unveiled new logos for all three manufacturers.
• Introducing a proprietary “Foyer in a Field” modular design package deal that permits hoteliers to rework public areas resembling foyer eating areas into multi-functional, revenue-generating areas in as little as 120 days for its Suburban Studios and MainStay Suites prolonged keep conversion manufacturers. The revolutionary answer follows Alternative’s unique “Kitchen in a Field” package deal.
• Opening 20 properties and awarding 37 franchise agreements—each all-time highs—below its Supporting Possession Entry and Illustration (SOAR) program, which goals to draw, mentor, and help entrepreneurs from traditionally underrepresented teams on their path to lodge possession.