Hospitality group Choice Hotels reported a 4% increase in total revenues to $218m, for the three-month period to 31 March 2019.
The company’s net income for the period was $30.1m for the first quarter 2019 while EBITDA rose by 8% to $72.4m.
The group also achieved 12% growth in the number of domestic rooms in its upscale brands, Cambria and Ascend, when compared to the same period last year.
In Q1, the group strengthened its midscale presence by awarding six domestic franchise agreements for the newly launched Clarion Pointe brand, bringing the number of Clarion Pointe hotels expected to open to 27 hotels. The company also achieved 7% and 5% net domestic unit growth in the Clarion and Quality brands, respectively.
Choice Hotels also opened the 250th WoodSpring Suites hotel in Portland, Oregon, the first WoodSpring hotel in the state of Oregon.
The group said it expects its net income for full-year 2019 to range between $186mn and $196m.
Patrick Pacious, president and chief executive officer, Choice Hotels, said: “Choice Hotel’s proven business model continues to deliver strong financial performance to our franchisees and shareholders. Our brands continue to appeal to a wide range of guests for both leisure and business travel.
“In addition, our strategic investments in our midscale, upscale and extended-stay brands position us to continue to strengthen our appeal to leisure travelers and accelerate our growth in the business travel segment.”