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CHOICE HOTELS CHOICE HOTELS INTERNATIONAL REPORTS 2021 THIRD QUARTER RESULTS Third quarter domestic RevPAR exceeded guidance and grew 11.4 % above 2019 levels ; awarded 89 new domestic franchise agreements in the quarter , a 10 % increase from the same period of 2020 ROCKVILLE , Md . , Nov. 4 , 2021 - Choice Hotels International , Inc. ( NYSE : CHH ) , one of the world's largest lodging franchisors , today reported its results for the three months ended September 30 , 2021 . " Our impressive third quarter results are a testament to the success of our long - term growth strategy and the investments we have made to position us to further increase our share of travel demand and benefit from trends that favor leisure travel , limited - service hotels and longer stay occasions , ” said Patrick Pacious , president and chief executive officer , Choice Hotels . " Today , we are in an even stronger position to capitalize on growth opportunities to create added value and drive our performance to new levels in the years to come . " Highlights of third 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 ) growth exceeded third quarter guidance and outperformed the total industry by 16 percentage points , increasing 11.4 % for third quarter 2021 , compared to the same period of 2019. RevPAR growth was driven by an increase in average daily rate ( ADR ) of 8.8 % and a 150 - basis- point increase in occupancy levels versus third quarter 2019. These RevPAR trends have continued into the fourth quarter . The company's domestic effective royalty rate for third quarter 2021 increased 8 basis points over the prior year third quarter to 4.99 % . The company awarded 289 domestic franchise agreements year - to - date through September 30 , 2021 , a 25 % increase compared to the same period of 2020. The company's domestic franchise agreements for conversion hotels increased by 25 % year - to - date through September 30 , 2021 , compared to the same period of 2020. The company awarded 89 domestic franchise agreements in third quarter 2021 , a 10 % increase compared to the same period of the prior year . Third quarter net income increased 53 % to $ 116.7 million from third quarter 2019 , representing diluted earnings per share ( EPS ) of $ 2.08 . 1 2019 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 .