FINANCIALS| Choice Hotels Q2 Profit Declines

Choice Hotels International, Inc., reported a decline in profit for the second quarter, hurt by a 14% decline in revenue reflecting challenging industry-wide revenue per available room or RevPAR environment and significant decline in domestic hotel transactions.

story continues below>>



Net income for the second quarter declined 6% to $25.50 million or $0.42 per share from $27.01 million or $0.43 per share in the previous year.

Total revenues for the quarter declined 14% to $143.34 million from $167.12 million a year ago.

Revenues from Hotel operations were $1.18 million, compared to $1.29 million last year. Other revenues declined to $1.17 million from $2.10 million a year ago.



Source