Earnings Releases·Nov 2, 2026, 8:07 AM ET

Choice Hotels International — Third Quarter 2026 Earnings Summary

Full-year 2026 adjusted EBITDA guidance was raised to $641–$651 million and adjusted diluted EPS guidance to $6.92–$7.07, while net income guidance was lowered to $178–$185 million due to a prior-year $100 million joint venture gain; full-year RevPAR outlook was increased to 1.5–2.5% growth.
Third-quarter adjusted diluted EPS rose 11% to $2.33 and adjusted EBITDA increased 1% to $193 million, though reported net income fell 68% to $58 million ($1.28 EPS) primarily due to the absence of the prior-year acquisition gain.
The Company acquired Harvest Hosts on October 1, 2026, and subsequently sold two owned hotels for approximately $34 million in net cash proceeds while retaining franchise agreements.
Global net rooms grew 1.7% year-over-year, with extended stay rooms surging 10.7% for the 13th consecutive quarter, and the U.S. conversion pipeline expanded 29% to 25,500 rooms.
Capital allocation included $211 million returned to shareholders via dividends and repurchases in the first nine months of 2026, alongside a $500 million term loan completed in August 2026.