Earnings release
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CHOICE HOTELS [ For Immediate Release ] CHOICE HOTELS INTERNATIONAL REPORTS 2021 SECOND QUARTER RESULTS Awarded 111 new domestic franchise agreements in the quarter , a nearly 20 % increase from the same period of 2020 ; second quarter domestic RevPAR 1.1 % below 2019 levels , with June RevPAR increasing 4.5 % versus 2019 ROCKVILLE , Md . , August 5 , 2021 - Choice Hotels International , Inc. ( NYSE : CHH ) , one of the world's largest lodging franchisors , today reported its results for the three months ended June 30 , 2021 . " The strategic investments we have made in launching and enhancing our brands , strengthening our marketing and reservation systems , and bolstering our platform capabilities drove impressive second quarter results that further positioned the company to increase our share of travel demand in the years to come , " said Patrick Pacious , president and chief executive officer , Choice Hotels . " Our goal is not to return to our 2019 performance levels , but rather capitalize on current and future investments to fuel our long - term growth in key strategic segments and drive our performance to new levels . " Highlights of second quarter and year - to - date 2021 results include ( note that RevPAR and financial metrics are compared to 20191 ) : • • • • Domestic systemwide revenue per available room ( RevPAR ) change outperformed the total industry by 20 percentage points , declining 1.1 % for second quarter 2021 compared to the same period of 2019 , while occupancy levels increased by 20 basis points from second quarter 2019 . The company's June 2021 domestic systemwide RevPAR increased 4.5 % from June 2019 . The trend of monthly improvement continued in July , with July 2021 RevPAR increasing approximately 15 % from July 2019 , driven by occupancy levels of 70 % and average daily rate ( ADR ) growth of 10 % . From May through July 2021 , the company surpassed its all - time single day revenue record on four separate days and recorded 14 of the highest revenue performing days in the company's history . In addition , the company achieved the strongest revenue performing 12019 comparison data is shown in some cases for comparable prior year periods for context in light of the onset of the COVID - 19 pandemic toward the end of the first quarter of 2020 .